Ultralife Corporation (ULBI) Announces International Communications Systems Contract
Up)
Ultralife Corporation (Nasdaq: ULBI) has received a contract to supply 2,319 of its A-320 amplifier systems to a major international defense contractor. Due to the sensitive nature of this contract, the company is not able to disclose the total value of the contract. Deliveries will commence in the first half of 2012.
"This contract demonstrates progress towards the strategic expansion of our core U.S. government and defense business into a broader global presence with international allies," said Michael D. Popielec, Ultralife's president and chief executive officer. "As we continue to develop new products across our business, our amplifier platform provides a technically advanced building block for the increasingly complex, secure communications systems required for soldier modernization. In this case, our amplifiers have been selected as a critical component of the secure communications backbone for a multi-phased, strategic command, control, and communications modernization program."
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
"This contract demonstrates progress towards the strategic expansion of our core U.S. government and defense business into a broader global presence with international allies," said Michael D. Popielec, Ultralife's president and chief executive officer. "As we continue to develop new products across our business, our amplifier platform provides a technically advanced building block for the increasingly complex, secure communications systems required for soldier modernization. In this case, our amplifiers have been selected as a critical component of the secure communications backbone for a multi-phased, strategic command, control, and communications modernization program."
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Syngenta (SYT) settles atrazine litigation; will pay $105M in deal
- New York Mortgage Trust (NYMT) Prices 2.75M Offering at $6.65/Share
- General Electric (GE) Makes $300M Investment in Large Brazilian Conglomerate
Create E-mail Alert Related Categories
Corporate NewsSign 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!
