other material
confidence high
sentiment positive
materiality 0.55
Applied Energetics awarded $1.148M Phase II STTR contract from U.S. Army for IR countermeasure development
APPLIED ENERGETICS, INC.
- Contract value is $1.148 million; 24-month Phase II STTR for ultra-broadband IRCM source.
- Work performed with University of Arizona's College of Optical Sciences under STTR program.
- Follows successful Phase I; aims to disrupt electro-optic sensors at tactically relevant ranges.
- Initial contract award was disclosed on May 18, 2023; press release issued after government approval.
- CEO cites milestone in dual-use laser technology development for DoD customers.