Security & Defense Watch: Ultralife Receives $21 Million Of Orders
May 17, 2010 (FinancialWire) — Ultralife Corp. (NASDAQ: ULBI) said has received orders valued at around $21 million for its SATCOM-On-The-Move systems from a U.S. defense contractor for use in MRAP armored vehicles.
According to Ultralife, deliveries are expected to begin this quarter and be completed in the fourth quarter of 2010.
New York-based Ultralife serves its markets with products and services ranging from portable and standby power solutions to communications and electronics systems.
Ultralife serves government, defense and commercial customers across the globe.
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