financetom
Business
financetom
/
Business
/
Genasys Receives New, Follow-On Defense Orders From Middle East; Shares Rise
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Genasys Receives New, Follow-On Defense Orders From Middle East; Shares Rise
Jun 25, 2024 8:52 AM

11:38 AM EDT, 06/25/2024 (MT Newswires) -- Genasys ( GNSS ) said Tuesday it has received new and follow-on defense orders from the Middle East.

The order is part of a foreign military sales contract to deploy its Long-Range Acoustic Devices systems on shore installations and naval ships. Genasys ( GNSS ) said the combined value of the original award and the follow-on order is more than $2.7 million.

The company's shares were up almost 5% in recent trading.

Price: 1.92, Change: +0.09, Percent Change: +4.92

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-Main facts about the copper market as prices hit record highs
Factbox-Main facts about the copper market as prices hit record highs
May 20, 2024
LONDON (Reuters) - Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices of the metal. Below are the main facts about the copper market, sourced from the International Copper Study Group (ICSG), the International Copper Association (ICA), and Reuters data. INDUSTRIAL USES Copper...
Scorpio Tankers Secures Approval for $223.6 Million Prepayment on 2023 Credit Facility
Scorpio Tankers Secures Approval for $223.6 Million Prepayment on 2023 Credit Facility
May 20, 2024
08:50 AM EDT, 05/20/2024 (MT Newswires) -- Scorpio Tankers ( SBBA ) said Monday it has secured approval from majority lenders under its 2023 $1 billion credit facility to execute an unscheduled repayment of $223.6 million on the term portion of the credit facility in June. The prepayment will be allocated towards the eight quarterly principal installments of the term...
Li Auto First-Quarter Earnings Fall Amid Sequential Decline in Vehicle Sales
Li Auto First-Quarter Earnings Fall Amid Sequential Decline in Vehicle Sales
May 20, 2024
08:52 AM EDT, 05/20/2024 (MT Newswires) -- Li Auto's ( LI ) first-quarter earnings declined from a year earlier despite recording higher revenue, while the Chinese automaker delivered fewer vehicles on a sequential basis. The company posted adjusted earnings of 1.21 renminbi ($0.17) per American depositary share for the March quarter, down from 1.35 renminbi a year ago. Three analysts...
GEO Group to Receive US ICE Task Order Extending Funding for Adelanto Processing Center
GEO Group to Receive US ICE Task Order Extending Funding for Adelanto Processing Center
May 20, 2024
08:53 AM EDT, 05/20/2024 (MT Newswires) -- GEO Group ( GEO ) said Monday that US Immigration and Customs Enforcement, or ICE, intends to issue a task order for continued funding of the Adelanto ICE Processing Center in California through Sept. 30. The company said it and three unions filed motions to suspend orders limiting the use of the Adelanto...
Copyright 2023-2026 - www.financetom.com All Rights Reserved