Jun 1st 2015, 08:45
Raven Aerostar Awarded United States Department of Defense Contract for Tethered Aerostat Systems and Support
Sioux Falls, SD (June 1, 2015)—Raven Aerostar (NASDAQ: RAVN) has been awarded a firm-fixed price (FFP) contract through the Naval Air Warfare Center Aircraft Division Lakehurst, N.J. for the procurement of Exportable Persistent Ground Surveillance Systems (EPGSS), spare equipment and technical support. The tethered aerostat contract was awarded for approximately $6 million and is expected to be delivered over the next 12 months. EPGSS systems are specifically designed to protect United States and Coalition forces by elevating camera and radar equipment for intelligence, surveillance and reconnaissance—enabling early threat detection and providing critical response time to defend against hostile forces.
EPGSS systems are currently fielded in support of Operation Enduring Freedom and are being transferred to the Afghan National Army. EPGSS serves the North Atlantic Treaty Organization (NATO) Training Mission - Afghanistan, a multinational military organization tasked with enabling accountable, Afghan-led security. The Raven Aerostar TIF-25K Tethered Aerostat systems, critical spare components and 24/7 technical support will increase the protected-area footprint and maintain the operational performance of deployed EPGSS assets.
"Raven Aerostar is proud to support past and present efforts protecting and defending U.S. and Coalition forces. Whether it's with our tethered aerostat systems, Vista Radars or stratospheric balloons, we have the unique ability to deliver affordable persistent solutions at any altitude," explains Lon Stroschein, Raven Aerostar Vice President and General Manager.
About Raven Aerostar
Raven Aerostar is based in Sioux Falls, SD and consists of wholly owned subsidiaries Aerostar International, Inc. and Vista Research, Inc. Raven Aerostar has a proven history of successful design, manufacture and integration of tethered aerostats, Vista radar systems and surveillance solutions, providing complete situational awareness for a multitude of needs. The company is dedicated to providing highly technical and groundbreaking technology that will solve great challenges and deliver life-saving solutions for critical missions that can change the world.
About Raven Industries, Inc.
Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven's purpose is to solve great challenges in areas of safety, feeding the world, energy independence and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing and technological innovation to serve the precision agriculture, high performance specialty films, aerospace and situational awareness markets. Visit www.RavenInd.com for more information.
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