NEWARK, N.Y. — Ultralife Corp. (NASDAQ: ULBI), a Wayne County–based maker of batteries and communications systems, announced it has been awarded a $3.9 million contract to supply its Vehicle Amplifier-Adaptor (VAA) to Thales Defense & Security, Inc., for the U.S. Army’s Security Force Assistance Brigades (SFABs).
Thales Defense & Security develops, manufactures, and supports combat-proven, software-defined radio equipment, Ultralife said. SFABs are new brigades formed to advise and assist nations that partner with the U.S. to develop their local security force capability from the tactical to ministerial level.
Initial shipments are expected to start before the end of this year and continue during the first half of 2018, Ultralife said.
(Sponsored)
Are You Ready for the Pay Transparency Law?
Following the lead of New York City and other state and local jurisdictions, New York State’s pay transparency law will be effective September 17, 2023. The law ushers in a
Why Now Is the Time To Start Planning for Your Company’s Business Succession
You’ve built a great business, and you love what you do. Retirement is a long way off, so why worry about how you’ll transition the ownership of your company down
“This contract is a result of our ongoing new product development strategy of investing in technically advanced, integrated communication systems devices, as well as collaborative relationships with strategic partners. Leveraging the fielding and operational success of our Vehicle Installed Power Enhanced Rifleman Appliqué (VIPER) platform, which provides the soldier with an enhanced range of digital voice and data communications and operational flexibility, the U.S. Army has selected our latest radio specific VAA as a critical component for the SFAB program,” Michael D. Popielec, Ultralife’s president and CEO, said in a news release.
Headquartered in Newark, Ultralife’s business segments include battery and energy products and communications systems. Ultralife also has facilities in Virginia, the United Kingdom, India, and China.
Ultralife generated net income of nearly $3.9 million and revenue of $63 million in the first three quarters of this year
Contact the Business Journal News Network at news@cnybj.com
