Ultralife awarded contract under U.S. Army’s $1.25 billion conformal wearable battery program

NEWARK, N.Y. — Ultralife Corp. (NASDAQ: ULBI), a Wayne County–based maker of batteries and communications systems, recently announced it has been awarded a contract from the U.S. Army for purchases of conformal wearable batteries.

The firm-fixed price indefinite-delivery/indefinite-quantity contract is not to exceed $168 million during the three-year base-award period, with the potential for up to an additional $350 million should the six one-year option periods be exercised, according to an Ultralife news release. The timing of deliveries and quantities is up to the U.S. Army.

Ultralife’s contract was awarded as part of a $1.25 billion multiple-award contract for conformal wearable batteries being developed under the U.S. Army’s Tactical Power Generation Program. The lightweight, lithium-ion rechargeable batteries will provide soldiers with a power source capable of sustaining dismounted operations in remote areas for up to 24 hours and are envisioned to increase soldier mobility by reducing the weight and quantity of batteries needed to be carried, the company explains.

Headquartered in Newark, New York, Ultralife serves government, defense, and commercial customers around the world. It has operations in North America, Europe, and Asia.

Ultralife reported operating income of $1 million, on revenue of $26 million, in the first quarter of this year, compared to operating income of $1.5 million, on revenue of $25.8 million, in the first quarter of 2020.