PAR Technology subsidiary wins USD 10.9m USAF subcontract in Saudi Arabia

PAR Technology Corporation (NYSE:PAR) indirect subsidiary, Rome Research Corporation (RRC), has been awarded a subcontract from Scientific Research Corporation of Charleston, SC to monitor Paveway IV munitions, Stand-Off Weapons and F-15SA Critical Controlled Assets and provide Electronic Security Systems Manager (ESSM) operations at various Royal Saudi Air Force (RSAF) designated locations within the Kingdom of Saudi Arabia, the company said.

The subcontract includes a base year with up to four options years, with a total value of USD 10.9 million.

Matt Cicchinelli, President of PAR´s Government Business, stated, “Our record of strong customer satisfaction is evidenced by this award. It also demonstrates our ability to grow into ancillary markets, which provides a new vein of opportunities to expand our service offerings globally. PAR is committed to maintaining high customer satisfaction in this new environment.”

PAR´s Government segment is a provider of computer-based system design, engineering, and technical services to the Department of Defense and various federal agencies.