Advanced System Technology
How we got $25.5M
Based on its 94 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 42 years (since 1984)
- Founder still runs it after 42 years
From public records and the company's website, not a statement that it's for sale.
What they do
Advanced Systems Technology, Inc. (AST) is a small business that provides engineering, logistics, training, sustainment, and technical solutions to the U.S. Department of Defense as a prime contractor and subcontractor.
From the company's website. Industry: All Other Professional, Scientific, and Technical Services.
Customers & suppliers
Customers
- PEO STRI · named on its website
- The Research and Analysis Center (TRAC) Leavenworth (FLVN) · named on its website
- The Research and Analysis Center (TRAC) White Sands Missile Range (WSMR) · named on its website
- Air Force: AWACS · named on its website
- Navy: NETPDTC, NAWCTSD · named on its website
- 80th Fighter Training Wing (FTW) · named on its website
- OUSD Personnel & Readiness (P&R) · named on its website
Suppliers & brands
- V2X · brand it sells or installs
- M1 Support Services · brand it sells or installs
- CATHEXIS · brand it sells or installs
Estimated value over time
▼ 13% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ADVANCED SYSTEM TECHNOLOGY this business | $34.5M | — |
| JENNIFER WEBB DVM CORPORATION Lawton · 17 employees | $2.8M | 0.0 mi |
| Lawton Veterinary Hospital Lawton | $1.2M | 0.0 mi |
| Oak Ridge Animal Center Lawton | $1.2M | 1.1 mi |
| Creekside Animal Hospital Lawton | $1.2M | 1.2 mi |
| LORI E GEE, DVM, PC Lawton · 5 employees | $997K | 1.2 mi |
| HERGENRETHER ANIMAL HOSPITAL PC Lawton · 11 employees | $2.0M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 94 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $27.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $32.9M |
| Estimate: the two combined (geometric mean) | $34.5M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $4.6M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $25.5M |
| Multiple for this size and industry | 5.5× |
| Value range | $13.4M – $34.8M |
| Revenue range | $22.7M – $39.4M |
| EBITDA range | $3.0M – $5.3M |
| Industry (NAICS) | All Other Professional, Scientific, and Technical Services (541990) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Advanced Systems Technology, Inc. (AST) was founded in 1984 in Lawton, Oklahoma, by former military professionals with a mission to provide engineering and technical support services for Army combat systems.”
Advisors
- BankingBank of CommercePPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Bank of Commerce 7(a) 2025, PPP 2020, PPP 2021 | All 308 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $1.4M | 91 |
| 2/3/2021 | second | $1.4M | 94 |
Public records
| Sep 2025 | 7(a) | $1.8M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Advanced System Technology
Advanced System Technology is an all other professional, scientific, and technical services company in Lawton, Oklahoma, in business since 1984. It is owned by Advanced Systems Technology (Founder). Its estimated annual revenue is about $34.5M, with roughly $4.6M of EBITDA. It has about 94 employees. Its estimated business value is $25.5M (likely range $13.4M–$34.8M).
Common questions
- Who owns Advanced System Technology?
- Advanced System Technology is owned by Advanced Systems Technology (Founder), according to public sources such as the company's website or filings.
- How much revenue does Advanced System Technology make?
- SeeBITDA estimates Advanced System Technology's annual revenue at about $34.5M (likely between $22.7M and $39.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Advanced System Technology worth?
- About $25.5M, roughly 5.5× its estimated EBITDA of $4.6M, typical for a all other professional, scientific, and technical services company its size. Likely range: $13.4M–$34.8M.
- How many employees does Advanced System Technology have?
- About 94, as reported on its PPP loan.
- When was Advanced System Technology founded?
- Advanced System Technology has been in business since 1984.
- Is Advanced System Technology for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 42 years (since 1984); founder still runs it after 42 years.