Applied Energetics Receives 10 Million Contract From Marine Corps
TUCSON, Ariz. - January 8, 2010 - Applied Energetics, Inc., (NASDAQ:AERG) today announced it has been awarded a $10.4 million contract from the U.S. Marine Corps. The contract funds will support field operational support for deployed systems, training of U.S. Marines, procurement of additional systems, development of improvements to allow installation of the system on additional Marine Corps and U.S. Army vehicles, and an engineering package to facilitate future transition of the system to Low Rate Initial Production (LRIP). Due to the sensitivity of the effort, the Customer has requested that no additional details regarding this contract be publicly disclosed.
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