Mistral and Uvision receive $50M+ U.S. Army loitering munition order
Mistral Inc. and Uvision announced they have received an additional delivery order valued at more than $50 million under the U.S. Army's Lethal Unmanned Systems (LUS) program, according to a press release statement.
The order, issued in support of the Capability Portfolio Executive Mission Autonomy, Precision Strike Reconnaissance Systems, will expand the quantity of HERO 120 loitering munition systems and ancillary equipment supplied to U.S. soldiers. The systems are being domestically manufactured.
Uvision serves as the design authority for the HERO 120 system and is involved in its development, manufacturing, and delivery. Mistral Inc. is an Ondas company listed on Nasdaq (NASDAQ: ONDS) under the ticker symbol ONDS.
"This award increases the number of HERO 120 systems and ancillary equipment available to our Soldiers, allowing them to train, build confidence, and prepare for mission success," said Yoav Banai, Senior Vice President at Mistral Inc.
Jarmin Blanton, Vice President of Business Development, Sales and Marketing at Uvision Inc., said the continuation of the contract "reflects the continued strength of the partnership between Mistral Inc. and Uvision Inc. and our shared commitment to supporting the Army's precision strike requirements."
