Ultralife Corp. has been awarded a nearly $11 million contract to supply vehicle amplifier-adaptors and mounted power amplifiers to Thales Defense & Security Inc.
Thales, a global leader in the development, manufacture and support of combat-proven, software-defined radio equipment, will use the VAAs to support the U.S. Army’s network modernization initiatives. When integrated with an advanced handheld radio, the VAA provides the soldier with an enhanced range of digital voice and data communications.
“This contract further demonstrates the effectiveness of our ongoing new product development strategy of designing and building technically advanced, integrated communication systems devices in collaboration with our strategic partners,” Ultralife President and CEO Michael Popielec said. “We look forward to continuing to add other new products and building blocks to our proven platforms to address the increasingly complex, secure integrated communications requirements for soldier modernization.”
Shipments are planned to begin prior to the end of 2018 and continue throughout 2019.
The Newark, Wayne County, power-solutions manufacturer serves government, defense and commercial customers globally. Its business segments include communications systems and battery and energy products. The company has operations in North America, Europe and Asia.
In its most recent quarterly earnings report, Ultralife posted a 15 percent increase in revenues and a 23 percent increase in net income. The company is expected to report third-quarter earnings Nov. 1.
Shares of company stock (Nasdaq: ULBI) closed Tuesday at $8.07 and were trading up 11 percent at $8.96 shortly after the opening bell Wednesday.
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