Genasys Wins LRAD Systems Order From Damen Schelde Naval Shipbuilding B.V. For German Navy F-126 Frigate Project; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Genasys has secured an order from Damen Schelde Naval Shipbuilding B.V. to supply LRAD 950NXT systems for the German Navy's F-126 frigate project. The order includes outfitting four frigates with an option for two more. Shipments will begin in September and continue through fiscal years 2025 and 2026. Financial terms were not disclosed.
June 26, 2024 | 12:01 pm
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Genasys has won a significant order from Damen Schelde Naval Shipbuilding to supply LRAD systems for the German Navy's F-126 frigate project. This contract could positively impact Genasys' revenue and stock price in the short term.
The order from Damen Schelde Naval Shipbuilding is a significant win for Genasys, potentially boosting its revenue and stock price. The contract involves multiple shipments starting in September and continuing through 2026, indicating a steady revenue stream.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100