LRAD Corp.*, San Diego, Calif., is being awarded a $12,231,360 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for small, medium and large acoustic hailing devices, mounts, test teardown and evaluation, provision item order spares, and data. Small, medium and large acoustic hailing devices will be used by the Anti-Terrorism/Force Protection Afloat Program Office (PMS 480) and/or other Department of Defense Activities. Acoustic hailing devices will be used in support of large and small deck naval surface ships, submarines, security boats, shore security operations and others as warning devices employed in anti-terrorism/force protection missions. Work will be performed in San Diego, Calif., and is expected to be completed by June 2018. Fiscal 2012 and 2013 Other Procurement, Navy contract funds in the amount of $1,988,785 will be obligated at time of award. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured and solicited via the Federal Business Opportunities website, with three offers received. The Naval Surface Warfare Center, Crane, Ind., is the contracting activity (N00164-13-D-JQ05).
Since he knows everything about everything with regard to LRAD, you have to ask yourself "Why didn't he report this to the board"? Could it be:
1. He had no idea about it?
2. He knew about it, but since it can only be viewed as positive he didn't say anything?
3. He had no idea about it, and he knows that it is a positive development which he can't spin in a negative way?
Don't worry he will make comments soon. His shift at the BK is done by 10am so he will be available after that.
I vote 1 because the guy is clueless but with his motor mouth always has something negative to say.
What is also good about this order is the boost to the stock price. If LRAD can maintain this momentum for 10 day above $1 then delisting becomes moot.