Raven Industries (NASDAQ: RAVN) announced today details of its strategic plan, which include a significantly increased level of investment in targeted areas in order to drive greater earnings growth and long-term value. Over the next several years, the Company will advance two strategic platforms for growth: Raven Autonomy™ and Raven Composites™.

Raven 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.

Raven Industries announced today that Raven Aerostar has been awarded a five-year $36.2M contract for the delivery, installation, operation and sustainment support of Air Surveillance Radar Systems onboard the U.S. Navy’s T-EPF class ships.

Smart Sensing Radar Technology Expands Market Reach and Competitive Advantage for Aerostar SIOUX FALLS, S.D., Jan. 3, 2012 (GLOBE NEWSWIRE) — Raven Industries, Inc. (Nasdaq:RAVN) today announced that its Aerostar division has...