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Metal Storm Signs DOE Contract For Short Range Weapon Systems

File photo of one of Metal Storm's 40mm weapons systems.
Brisbane, Australia (SPX) Oct 04, 2005
Metal Storm has announced that it has signed a contract with the US Department of Energy (DOE) for the research and development of a short range weapon system.

Metal Storm CEO, David Smith said "The objective of the contract is to provide proof of concept of the ability of the Metal Storm weapons system to distribute large quantities of ammunition over a large area in an extremely short time frame, which is something our systems have a unique capacity to achieve".

"I see this contract as the small first step in what I hope will be a long-term association with DOE" he said. "We now have the opportunity to prove what we can do as a weapons system designer/integrator and consolidate our position by drawing on the unique capabilities and advantages of our 40mm weapons system in meeting customers' needs.

"This is our first research and development contract with applications in the US homeland security market, and therefore represents an important milestone for the company which we intend to build upon" Mr Smith said.

The signing of the contract between Metal Storm and DOE follows previous advice to the market, on 18 August 2005 that the DOE had announced its intention to solicit a contract with Metal Storm on a sole source basis, subject to contract negotiation and the allocation of funds.

Funding for the one year contract, which has a value of US$216,000, has been confirmed.

In the contract solicitation DOE stated that it had determined that Metal Storm is the only small business that has the technology needed for the research and development necessary to meet DOE mission needs.

"This contract also highlights the importance of having the ability to supply a range of certified munitions to use with our 40mm weapon systems. The recent signing of a co-operative development agreement with the US Army Research Development and Engineering Center (ARDEC) and a teaming agreement with Singapore Technologies Kinetics (ST Kinetics) are significant" Mr Smith said.

"With ARDEC we will be taking existing, certified, munitions and adapting them for use in our 40 mm launching systems.

"In addition to having state-of-the-art manufacturing facilities, ST Kinetics also has several unique munitions products which are particularly well suited to the Metal Storm system. They are a world leader in 40mm munitions design and manufacture" Mr Smith said.

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Army Demonstrates Future Combat Systems
Fort Belvoir VA (ANS) Sep 30, 2005
The Army initiative to transition to a new modular force took a step forward last week with the first comprehensive public demonstration of several Future Combat Systems technologies at Aberdeen Proving Ground, Md.



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