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Investing.com -- Genasys Inc (NASDAQ:GNSS) stock rose 2.7% in after-hours trading on Monday following the announcement of a $9 million order from the U.S. Army for its Long Range Acoustic Device (LRAD) systems.
The order is part of the Army’s Common Remotely Operated Weapon Stations (CROWS) program, with Genasys’ LRAD systems set to be integrated into existing weapon stations under the CROWS II Technical Refresh initiative. This marks the first Acoustic Hailing Device production order for the CROWS program after the company successfully completed design, testing, and qualification of its LRAD-450XL-RT model earlier this year.
Genasys CEO Richard Danforth highlighted the strategic importance of the deal, noting that integrating LRAD systems into CROWS II allows operators to communicate with potential threats before resorting to lethal force. This capability can help deescalate dangerous situations, reduce civilian casualties, and enhance operator safety.
The LRAD-450XL-RT systems were specifically designed to meet all Acoustic Hailing Device requirements for the CROWS program. They feature an interface for digital operation that enables local or remote control without requiring external add-ons or converters.
Genasys, which describes itself as the global leader in Protective Communications, expects to generate revenue from supporting the CROWS program for years to come. The CROWS system, manufactured by Norway’s Kongsberg Gruppen, is used by all Department of Defense services and the Department of Energy.
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