U.S. Army Awards Contract to Raven Industries for Vista Smart Sensor Radar
ARLINGTON, Va., June 18, 2014 (GLOBE NEWSWIRE) -- 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
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
"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:
CONTACT: Abby O'Hara
Vice President and CFO
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