Sypris Solutions (SYPR) Sibsidiary Awarded $200M 5-Year IDIQ Contract from U.S. DoD to Replace KYK-13
More News related to SYPR
- Sypris Solutions (SYPR) Posts Q3 Loss of $0.10, Tops Views By 4c
- Sypris Reports Third Quarter Results
- Trading Radar for 11/17: Home Depot (HD), Saks (SKS), Target (TGT), Autodesk (ADSK), La-Z-Boy (LZB) Report
- Unusual 11 Mid-Day Movers 11/11: NCST, SMI, MSN, CHLN Higher; TONE, RHIE, CLWR, STV Lower
- Sypris Solutions (SYPR) Sibsidiary Awarded $200M 5-Year IDIQ Contract from U.S. DoD to Replace KYK-13
More News related to Corporate News
- Odyssey Marine (OMEX) Acquires Minority Stake in SMM Project LLC
- NASDAQ Grants Comstock Homebuilding (CHCI) Continued Listing Request
- Agilysys (AGYS) Announces Special Meeting of Shareholders to Vote on Proposed Control Share Acquisition by MAK Capital
- Highlights From SJM's Q2 Conference Call: Acquisition of Folger's Really Paying Off; Comfortable Raising FY Outlook
- Pfizer (PFE) Gets Okay for Bipolar Treatment Geodon from U.S. FDA
Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (NASDAQ: SYPR), announced today that it has been awarded an Indefinite Delivery Indefinite Quantity (IDIQ) contract from the United States Department of Defense (DoD) for its RASKL (KIK-30) electronic key fill device. This contract is in support of the DoD's modernization effort to replace the aging KYK-13 key fill device. The product was designed and will be produced at the Sypris Electronics facility located in Tampa, Florida.
The RASKL IDIQ contract is for a five-year period with a not-to-exceed value of $200 million. The IDIQ contract is the U.S. Government's vehicle for its Services and Agencies to order the RASKL and product ancillaries.
The Really Simple Key Loader, or RASKL, is a modernized electronic key fill product used for loading keying data into secure communication equipments. Due to the demanding, tactical environments for which the product was designed, RASKL is fully ruggedized, small, lightweight, requires no formal training and implements a one-button "key squirt" process for simplified loading operations. The RASKL holds up to 40 modern electronic keys and is depot repairable.
Related Categories
Corporate NewsStocks Mentioned
-0.18Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
