Liteye gets $3M production order as part of US Defense Industrial Base
By Akshay Kedari  Date: 2020-03-28

Liteye gets $3M production order as part of US Defense Industrial Base

Liteye Systems, a renowned leader in CUAS (Counter Unmanned Aerial Systems), has reportedly announced the receipt of an additional specialty production order for approximately $3 million. The contract would further make sure delivery of hardware for urgent U.S. government needs during this unparalleled time dealing with COVID-19.

The Department of Homeland Security recognizes the Defense Industrial Base (DIB) as a Critical Infrastructure Sector. 

Kenneth Geyer, CEO, Liteye Systems, stated that the contract as well as current deliveries of U.S. configured Liteye AUDS system continues a 3-year run of steady performance, facilitating life-saving technology to the nations warfighters.

Geyer further stated that this order from the government, along with designation as part of the DIB sector during this tough time is a testament to the level of trust Liteye has earned from the government to facilitate much needed capabilities.

The company has further been functioning at full capability and has also not been affected. The company is also taking all the steps necessary to reduce the risk to employees meanwhile ensuring that Liteye could meet all the demands of the customers.

At a time where most organizations are feeling the economic impact, the new contract award and earlier delivered product to the U.S government, allows Liteye to stay a stable as well as trusted leader in the Defense Industrial Base.

COVID-19 is having a dynamic and dramatic impact on businesses, the lives of people, and the global economy as a whole. The firm is committed to weather through this pandemic, and related recuperation, and to make moves to relieve the effects on its employees while also addressing the needs of the customers.

About Liteye Systems:

Liteye is a renowned leader and technology solutions provider as well as integrator of military and CUAS, radar systems, etc. and other such solutions. It has offices in the UK along with sales affiliates across the globe.

Source credit: https://finance.yahoo.com/news/liteye-earns-additional-cuas-contract-090010810.html

 

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

FMCG firms resort to marginal hike to cope with raw material inflation
FMCG firms resort to marginal hike to cope with raw material inflation
By Akshay Kedari

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...

boAt raises USD 100 million in funding from Warburg Pincus
boAt raises USD 100 million in funding from Warburg Pincus
By Akshay Kedari

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...

Elevar Therapeutics and Inceptua partner to commercialize Apealea®
Elevar Therapeutics and Inceptua partner to commercialize Apealea®
By Akshay Kedari

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...

NASA completes construction of ‘LC-48’ at Kennedy Space Center
NASA completes construction of ‘LC-48’ at Kennedy Space Center
By Akshay Kedari

The National Aeronautics and Space Administration (NASA) has reportedly announced the completion of the construction of its new launchpad at the Kennedy Space Center based in Florida. Notably, the new Launch Complex 48 or LC-48 is a pad that will be ...

How are energy storage applications driving conductive polymers demand?
How are energy storage applications driving conductive polymers demand?
By Akshay Kedari

With viable environmental stability and mechanical upsides, conductive polymers market players are gearing to infuse funds in the sector. Considered as the 4th generation of polymeric materials, one of the major selling points of conductive polymers ...