U.S. Military Strengthens Commitment To Genasys Systems; AnnounceS New Long Range Acoustic Device Orders Valued At $1.6M From The U.S. Department Of Defense
Portfolio Pulse from Happy Mohamed
Genasys Inc. (NASDAQ:GNSS) has announced new Long Range Acoustic Device (LRAD) orders valued at $1.6 million from the U.S. Department of Defense (DOD). The orders include LRAD-1950XLs for the United States Special Operations Command in Europe, LRAD 360-XT mobile communications trailers for the U.S. Navy in Africa, and various spares for Navy units in the United States.
September 07, 2023 | 12:08 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Genasys Inc. has secured new orders from the U.S. Department of Defense, which could potentially increase its revenues and strengthen its position in the defense sector.
The new orders from the U.S. Department of Defense are a significant revenue source for Genasys Inc. This not only strengthens the company's financial position but also reinforces its reputation as a trusted supplier for the U.S. military, which could lead to more contracts in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100