Friday, January 23, 2009

BAE awards CSP $700K computer deal

By Mass High Tech staff

CSP Inc. reports it has landed $700,000 to provide BAE Systems with digital signal processing systems.

Under the deal, Billerica-based CSP’s (Nasdaq: CSPI) multicomputer division will provide BAE Systems’ Burlington facility with its FastCluster 2000 series digital signal processing platforms.

CSP’s systems use industry-standards, open-source Linux software and optimized libraries intended to enable efficient management of time and resources.

Two years ago, CSP faced delisting of its shares from the Nasdaq Stock Market for missing a filing deadline. The company at the time also reported a rise in net income on higher sales in 2006.

Founded in 1968, CSP provides IT services for commercial, scientific and defense customers worldwide. The company reported a 2008 loss of $410,000 on revenue of $76.8 million.