Arlington, VA (June 17, 2014)— Vista Research, a subsidiary of Raven Aerostar (NASDAQ: RAVN), has been awarded an operations and maintenance contract for the upgrade and replacement of currently-fielded radar systems in support of the U.S. Army’s Persistent Ground Surveillance Systems (PGSS) Program. The firm-fixed-price, cost-plus-fixed-fee contract has been awarded for $8,381,917 and details an expected completion timeline of December 2014.
Vista Research has been providing radar systems and support to the PGSS Program since 2011. The Vista Smart Sensor Radar Systems (SSRS) are designed and optimized for tracking targets against difficult radar clutter conditions. SSRS products accurately and reliably detect and track land, maritime and air targets of interest from platforms such as aerostats, towers, UAVs and mobile vehicles. The Vista product family includes a suite of radar systems with various specifications (e.g. SSRS-F25, SSRS-F50 and SSRS-F50-ER) providing 360° wide-area persistent situational awareness to land, air and maritime missions.
“Vista radar systems are core to our commitment to providing highly technical and groundbreaking technology for critical missions that protect and save lives,” explains Lon Stroschein, Raven Aerostar Vice President and General Manager. “We are proud of the turnkey capabilities of our integrated tethered aerostats and radar solutions. The daily cost per covered kilometer, over land and sea, is becoming a game altering technology.”
About Vista Research, Inc: Based in Arlington, VA, Vista Research is a wholly owned subsidiary of Raven Aerostar and has a national reputation for quality work in the development of systems incorporating remote sensing and signal processing techniques. Vista’s Smart Sensor Radar Systems (SSRS) provide a reliable, cost-effective solution for earlier detection of defined targets and their movement over land and water.
About Raven Aerostar: Raven Aerostar is based in Sioux Falls, SD and consists of wholly owned subsidiaries Aerostar International, Inc. and Vista Research, Inc. Raven Aerostar has a proven history of successful design, manufacture and integration of tethered aerostats, Vista radar systems and surveillance solutions, providing complete situational awareness for a multitude of needs.
About Raven Industries, Inc:Since 1956, Raven Industries has designed and manufactured high-quality, high-value technical products. Raven is publicly traded on NASDAQ (RAVN) and has earned an international reputation for innovation, product quality, high performance, and unmatched service. Raven’s purpose is to solve great challenges in areas of study, feeding the world, energy independence and resource preservation. To realize this purpose, we utilize our strengths in engineering, manufacturing and technological innovation to serve the precision agriculture, high performance specialty films, aerospace and situational awareness markets.
On the Internet, information is available at:
www.ravenaerostar.com
www.ravenind.com
Contact Information:
Abby O’Hara Tom Iacarella
Marketing Manager Vice President and CFO
Raven Aerostar Raven Industries
Ph: 605-731-0981 Ph: 605-336-2750
Email: Abby.Ohara@ravenind.com Email: Thomas.Iacarella@ravenind.com
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