SIOUX FALLS, S.D., (February 5, 2020) — Raven Industries (NASDAQ:RAVN) announced that Raven Aerostar Technical Solutions, has been named among a select group of businesses in a NAVSEA indefinite-delivery/indefinite-quantity, multiple award contract (IDIQ-MAC) to support the Unmanned Surface Vehicle Family of Systems. The IDIQ-MAC has a five-year base period and one five-year ordering period option, with a ceiling of $982,100,000.
“This is a vehicle that will assist Aerostar Technical Solutions in leading the Unmanned Vessel market with our Perception Radar solution,” said Michael Schwartz, General Manager of Aerostar Technical Solutions.
Selected businesses will have the opportunity to compete in their awarded functional area for individual delivery orders. Work will be performed in various locations in the contiguous U.S. in accordance with each delivery order and work is expected to be completed by February 2025. These contracts were competitively procured via Federal Business Opportunities with 42 offers received. The Naval Sea Systems Command, Washington Navy Yard, Washington, District of Columbia, is the contracting activity.
About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing innovative, high-value products and solutions that solve great challenges throughout the world. Raven is a leader in precision agriculture, high-performance specialty films, and lighter-than-air technologies. Since 1956, Raven has designed, produced, and delivered exceptional solutions, earning the company a reputation for innovation, product quality, high performance, and unmatched service. For more information, visit http://ravenind.com.
About Raven Aerostar
Raven Aerostar consists of wholly-owned subsidiaries Aerostar International, Inc. and Aerostar Technical Solutions, Inc. Raven Aerostar is dedicated to connecting and protecting lives through its Aerospace & Defense technology, including stratospheric platforms, radar systems, tethered aerostats, and protective wear garments. From engineering services, design, and development to highly-technical products and support, Raven Aerostar offers tailored turnkey solutions for a multitude of missions. Visit http://ravenaerostar.com for more information.