Environmental Tectonics (ETC) Shares Jump on $19 Million Navy Contract Win
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Environmental Tectonics Corporation (AMEX: ETC) has been awarded a contract by the United States Navy for a Disorientation Research Device. The contract, valued at over $19 million, was awarded to ETC following a competitive bid process. The device, ETC's GYROLAB GL-6000, will be manufactured at ETC's main manufacturing plant in Southampton, PA.
The contract calls for delivery by July 2011. It will be installed at the 711th Human Performance Wing at Wright Patterson AFB, OH. The GL-6000 will support research activities conducted by the Naval Aerospace Medical Research Laboratory (NAMRL).
Environmental Tectonics Corporation (ETC) is engaged in the design, manufacture and sale of software driven products and services used to recreate and monitor the physiological effects of motion on humans and equipment and to control, modify, simulate and measure environmental conditions.[SM]
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