Dec. 29 at 4:06 PM
Applied Energetics, Inc. (OTCQB:
$AERG ), a leader in ultrashort pulse laser (USPL) and directed-energy technologies, announced its selection to participate in the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) Indefinite Delivery Indefinite Quantity (IDIQ) contract vehicle.
Applied Energetics is a B2i Digital Featured Company. View its profile at https://b2idigital.com/applied-energetics-0.
This designation positions Applied Energetics to compete for future potential rapid task or delivery orders that may be awarded to support technology demonstrations, missile tracking, resilient communications, and other national defense missions. The SHIELD program is a major element of the Department of War’s Golden Dome missile defense initiative, designed to create a layered shield against advanced ballistic and cruise missile threats. The program has a potential 10-year contract ceiling of
$151 billion and provides the MDA and other DoW organizations with a flexible contract vehicle to rapidly acquire advanced technologies of strategic importance to national defense. IDIQ vehicles establish terms for future work but do not
commit the government to proceed with a contractual commitment. More than 2,100 organizations were selected to participate in the SHIELD program.
Chris Donaghey, Chief Executive Officer of Applied Energetics, commented, “Being selected for SHIELD is an important development for our Company, and represents a potential shift toward faster, more adaptive acquisition of innovative technology and solutions by MDA and other DoW organizations. We look forward to supporting MDA in strengthening and sustaining the nation’s defensive infrastructure with our low-size, weight, and power and scalable directed energy solutions as part of a resilient, layered homeland defense architecture.”
See the full release at: https://feeds.issuerdirect.com/news-release.html?newsid=7893053531593559&symbol=AERG
Applied Energetics specializes in fiber-based ultrashort pulse (USP) laser technologies, with a portfolio of 26 patents and 6 patents pending that enable next-generation defense and dual-use applications.
Learn more about Applied Energetics at https://ir.appliedenergetics.com. For investor information, contact Kevin McGrath:
[email protected].
Disclosure: David Shapiro, CEO of B2i Digital, personally purchased in the open market and currently owns shares of unrestricted AERG stock, in line with B2i Digital’s practice of investing alongside its Featured Companies. This post is not intended to solicit the sale of AERG or any security, and it is not intended to offer any opinion on AERG as an investment. Conduct your own research and consult with your own professional advisors prior to making any investment decisions. See the complete Disclosure in the Risks and Disclosures section of https://b2idigital.com/disclaimer.