RIVERDALE, Md., September 15, 2005 – Gryphon Technologies was awarded a $9.6 million contract for business and financial services in support of the Aegis BMD Program Directorate.

Under the contract, Gryphon will provide budgeting and planning, financial execution, congressional and public affairs, and contract / acquisition support services. These services are necessary to support all phases of the acquisition process and include support for Foreign Military Sales (FMS). The contract is a 5 year performance-based contract. Performance standards must be met: the services must reflect innovative management techniques employed to increase efficiencies and control costs. Gryphon’s subcontractor is Paradigm Technologies, Inc., of Northern Virginia.

This contract was awarded based on a best value determination and requires Gryphon to provide the Aegis BMD Program Directorate with the business and financial management services needed to support the evolutionary, capabilities-based acquisition approach implemented through spiral developments. Incremental capability upgrades will be developed as part of the Missile Defense Agency’s (MDA) two-year block strategy.

“As the sea-based BMD component of the MDA’s BMD System, our knowledge of missile defense and the Navy should prove particularly valuable to the Program Directorate,” stated P.J. Braden, President of Gryphon. “We are pleased that NAVSEA trusts Gryphon to provide the expertise to help ensure that the Aegis BMD systems function successfully in support of missile defense.”

About Aegis BMD.
The Aegis BMD program is a sea-based element of the Ballistic Missile Defense System (BMDS). It will detect, track, intercept, and destroy Short Range Ballistic Missiles (SRBMs) through Intermediate Range Ballistic Missiles (IRBMs) in the midcourse phase of flight (including ascent and early terminal). Aegis BMD will also provide long-range surveillance and tracking data to the BMDS in support of the engagement of Inter-Continental Ballistic Missile (ICBM) intercepts while deployed in defense of the nation, deployed US forces, and allies.

About Gryphon Technologies
Gryphon, headquartered in Riverdale, Maryland, is a leading professional services provider supporting our national defense. For over 10 years, the Company has designed, integrated, maintained, and upgraded state-of-the-art systems for the Department of Defense. Gryphon also provides many of its government clients with the systems analysis, integration, and program management skills necessary to manage the development and operations of their mission critical systems. In 2004, Gryphon was ranked as one of the 500 America's Fastest Growing Private Companies by Inc. magazine.

To learn more about Gryphon Technologies, LC, visit the company's web site at www.GryphonLC.com.

Media Contact:
C.J. Davis
Gryphon Technologies, L.C.
240-387-1000 Ext 220