Ultralife Receives $20 M SATCOM-On-The-Move System Order
- Company also Received and Supplied Systems against Additional $2 Million Order
(Newark, N.Y., October 20, 2009) -- Ultralife Corporation (NASDAQ: ULBI) has received an order valued at approximately $20 million for its SATCOM-On-The-Move systems from a U.S. defense contractor under its Indefinite Delivery/Indefinite Quantity (IDIQ) contract for use in a variety of military vehicles unrelated to the MRAP All Terrain Vehicle (M-ATV) program. The company received an additional order valued at approximately $2 million for its SATCOM-On-The-Move systems directly from the U.S. Navy's Space and Naval Warfare Systems Command (SPAWAR), which was shipped in the third quarter. Deliveries against the $20 million IDIQ order are expected to begin this quarter and be completed in the first quarter of 2010.
"These orders illustrate the broad need for SATCOM systems in various military vehicle programs. Our SATCOM systems will be installed in a variety of existing vehicles, such as HUMVEEs and MRAPs," said John D. Kavazanjian, president and chief executive officer. "We are pleased that our battle-tested SATCOM systems combined with our proven ability to meet customer requirements continue to gain recognition for being one of the preferred choices for critical defense communications applications. We are continuing to aggressively tackle sales opportunities with both U.S. and allied defense organizations for our SATCOM and other advanced communications systems."
Source : Ultralife Corporation
Published on ASDNews: Oct 21, 2009
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