LRAD® Corporation Receives $14.8 Million US Army Award
LRAD (LRAD)
Last lrad earnings: 8/12 04:05 pm
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Source: GlobeNewswire
SAN DIEGO, Aug. 08, 2019 (GLOBE NEWSWIRE) -- LRAD Corporation (NASDAQ: LRAD), a global leader in critical communication systems, today announced it has received a follow-on $14.8 million order from the U.S. Army (“Army”). The Army is purchasing LRAD 450XL acoustic hailing device (“AHD”) systems and accessories for deployment with active duty, Reserve and National Guard units. This is the Company’s fourth order from the Army’s $110 million AHD program. Three LRAD 500X program orders were previously delivered. “This is the Company’s largest domestic order to date,” said Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Further, we anticipate another LRAD 450XL order under this program later this quarter and additional purchases in subsequent years to meet the Army’s long-term AHD requirements.” “The LRAD 450XL and LRAD 500X are the only AHDs qualified for deployment by the Army,” continued Mr. Danforth. “After extensive testing, our smaller, lighter LRAD 450XL was s
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