NEWARK, N.Y. — Ultralife Corp. (NASDAQ: ULBI), a Wayne County–based maker of batteries and communications systems, announced it has been awarded a $4.7 million contract to supply its Vehicle Installed Power Enhanced Rifleman Appliqué (VIPER) to Thales Defense & Security, Inc., which manufactures high-tech radio equipment for the U.S. Army.
This contract follows previous VIPER awards received and shipped in 2015 and 2016 totaling $10.5 million. Shipments on this follow-on contract are expected to start this year and be completed in the first half of 2018.
“We are proud that our product has once again been selected as a critical component for the U.S. Army’s multi-phased modernization program providing enhanced digital voice and data communications to the dismounted soldier. This contract further illustrates the benefits of our strategy of investing in product development and engineering in close collaboration with a strategic partner,” 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 $2.8 million and revenue of almost $42 million in the first half of this year.
Contact the Business Journal News Network at news@cnybj.com
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