LRAD Corp. Wins $1.5m Navy Deal
LRAD Corporation (NASDAQ: LRAD) announced a $1.5m in new LRAD orders from the U.S. Navy. The orders, which consist primarily of LRAD 1000X systems and support equipment, are scheduled to ship this quarter. “This is the latest in a series of LRAD orders we’ve received from the U.S. Navy since 2003,” said Tom Brown, president and CEO of LRAD Corporation. “LRAD systems are deployed by naval forces around the world to hail, warn, notify and communicate over long distances, giving naval personnel time and distance to determine the intent of potential threats not responding to radio calls and creating standoff zones around their vessels.”