GNSS - Genasys nabs $5.1M follow-on order from U.S. Army

Genasys (GNSS) has been awarded a $5.1M follow-on LRAD 450XL order from the U.S. Army (Army), representing third follow-on order in calendar 2020 and the fifth LRAD 450XL order received under the Army's Acoustic Hailing Device ((AHD)) program of record.The funding for this order was supplied under the fiscal year 2020 Defense Appropriations Bill and additional LRAD 450XL follow-on orders are expected from the Army in fiscal year 2021.Previously in Jun.20, Genasys received $1.9M follow-on order from U.S. armyShares are up 4.9% PM.

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Genasys nabs $5.1M follow-on order from U.S. Army