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Stock impact report

Genasys Awarded LRAD Systems Order from Damen Schelde Naval Shipbuilding B.V. for German Navy F-126 Frigate Project

Genasys Inc. (GNSS) 
Last genasys inc. earnings: 2/10 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) --  Genasys Inc. (NASDAQ: GNSS), the global leader in Protective Communications, today announced an LRAD 950NXT systems order from Damen Schelde Naval Shipbuilding B.V. (Damen) for the German Navy’s new F-126 frigates, the largest shipbuilding project in the history of the German Navy. Damen will outfit four frigates with multiple LRAD 950NXT systems, with an option to outfit two additional frigates. The first shipment is scheduled this September with further shipments in fiscal years 2025 and 2026 “Since its launch two years ago, the 950NXT has quickly become the world’s leading remotely operated, maritime acoustic hailing device (AHD) with six international navies and several superyacht installations,” said Richard Danforth, Chief Executive Officer of Genasys. “The 950NXTs in this order will be integrated with Thales Group’s Combat Management System to provide long-range communication out to 3,000 meters and initiate escalation of force ( Show less Read more
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