BK Technologies Gets $7.8 Million Purchase Order From U.S. Dept of Agriculture
September 27 2022 - 9:52AM
Dow Jones News
By Chris Wack
BK Technologies Corp. said Tuesday it has received a $7.8
million purchase order from the U.S. Department of Agriculture
Forest Service for its BKR 5000 portable communications
technology.
The company said the order is part of its five-year blanket
purchase agreement with the U.S. Department of Agriculture,
announced in May 2021, and is a follow-on to the recently announced
USFS group of purchase orders totaling $8.9 million.
With this order, BK has exceeded $60 million in new order
bookings year-to-date, driven by demand for its BKR 5000. The
company has now surpassed its new bookings total of $55.5 million
achieved in 2021.
BK Technologies shares were up 15% to $2.40 in premarket
trading.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
September 27, 2022 09:37 ET (13:37 GMT)
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