Genasys Says It Received $900K In LRAD Defense Orders From Middle East; Combined Value Of Original Award And Follow-on Order Is Over $2.7M
Portfolio Pulse from Benzinga Newsdesk
Genasys Inc. (NASDAQ:GNSS) announced new and follow-on defense orders from the Middle East, with a combined value of over $2.7 million. The orders are part of a previously announced foreign military sales contract to deploy LRAD systems on shore installations and naval ships.
June 25, 2024 | 11:07 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Genasys Inc. received new and follow-on defense orders from the Middle East, with a combined value of over $2.7 million. This is part of a previously announced foreign military sales contract to deploy LRAD systems.
The new and follow-on orders from the Middle East, totaling over $2.7 million, indicate strong demand for Genasys' LRAD systems. This should positively impact GNSS's revenue and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100