March 23, 2010 (FinancialWire) — Mikros Systems Corp. (OTCBB: MKRS) has been awarded its first delivery order under a recently closed $26 million indefinite delivery, indefinite quantity contract from the Naval Surface Warfare Center at Crane, Indiana.

Under the terms of this delivery order, Mikros will supply 27 Adaptive Diagnostic Electronic Portable Testset, (or ADEPT), units over the next 6-9 months to the US Navy for installation aboard Aegis cruisers and destroyers.

The ADEPT systems included in the order provide maintenance and distance support capabilities for the US Navy's ships. The systems are meant to help reduce the time it takes to perform complex maintenance tasks by standardizing the collection and reporting of equipment technical data, and allowing systems experts to assist with complex troubleshooting remotely.

The $26 million IDIQ contract was awarded to Mikros on March 19 for procurement of ADEPT systems and engineering services required for system enhancements, logistics, and field support.

Mikros said it anticipates receiving additional delivery orders and task orders throughout the year, and believes that this contract could deliver revenues of $4-5 million annually over the next five years.

New Jersey-based Mikros Systems specializes in the research and development of electronic systems technology primarily for military applications.

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