Raven Industries Awarded Contracts for Persistent Surveillance Systems
October 22 2019 - 8:39AM
Raven Industries, Inc.
(NASDAQ:RAVN) announced today that Raven Aerostar Technical
Solutions was awarded a $5.7M contract to deliver TIF-25K® Aerostat
Systems sparing hardware to six existing aerostat sites in
Afghanistan. Raven Aerostar Technical Solutions was also awarded a
$4.7M contract to deliver two TIF-25K Aerostat Systems and
associated sparing hardware in support of two additional aerostat
sites in Afghanistan. Both contracts will be delivered within the
next 12 months.
“We are committed to our purpose to connect, protect and save
lives through the development of leading aerospace and defense
capabilities and exceptional technical services,” said Scott
Wickersham, Division Vice President & General Manager of Raven
Aerostar. “We are pleased that our TIF-25K Aerostat System
continues to provide valuable situational awareness and security
for our customers.”
The TIF-25K Tethered Aerostat offers a cost-effective and
rapidly deployable persistent aerial platform for communication,
intelligence, reconnaissance and surveillance payloads. Designed to
support missions at a variety of altitudes, these systems serve
dynamic defense and commercial applications.
About Raven Industries,
Inc.Raven Industries (NASDAQ: RAVN) is dedicated
to providing innovative, high-value products and solutions that
solve great challenges throughout the world. Raven is a leader in
precision agriculture, high-performance specialty films, and
lighter-than-air technologies. Since 1956, Raven has designed,
produced, and delivered exceptional solutions, earning the company
a reputation for innovation, product quality, high performance, and
unmatched service. For more information, visit
http://ravenind.com.
About Raven AerostarRaven
Aerostar consists of wholly-owned subsidiaries Aerostar
International, Inc. and Aerostar Technical Solutions, Inc. Raven
Aerostar is dedicated to connecting and protecting lives through
its Aerospace & Defense technology, including stratospheric
platforms, radar systems, tethered aerostats, and protective wear
garments. From engineering services, design, and development to
highly-technical products and support, Raven Aerostar offers
tailored turnkey solutions for a multitude of missions. Visit
http://ravenaerostar.com for more information.
Contact InformationLisa
McElrath, Communications ManagerRaven Industrires+1 (605)
336-2750lisa.mcelrath@ravenind.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/105af68a-6e5f-4d67-b3d0-fa638412911f
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