EMS Defense & Space, a division of aero connectivity and mobile resource management leader, EMS Technologies, Inc. (NASDAQ: ELMG), today announced a contract with Lockheed Martin to develop a radio frequency seeker antenna for the U.S. Navy’s Long-Range Anti-Ship Missile (LRASM). The Defense Advanced Research Projects Agency (DARPA) has selected Lockheed Martin Missiles and Fire Control to complete the design and flight demonstration of two variants — LRASM A and B — of the missile. LRASM-B, the supersonic prototype, will enable very long-range, positive target identification and precision engagement of moving ships in the presence of advanced countermeasures and hostile active defense systems. “Our efforts are focused on enhancing the capabilities of the warfighter,” said Marion Van Fosson, Vice President and General Manager, EMS Defense & Space. “With the increasing threat from hostile countries, our mission is to help equip the warfighter with the most advanced weaponry possible.” EMS is scheduled to deliver a prototype of the seeker antenna in Q3 2011. The company was able to leverage its extensive expertise with other high-speed missile programs to win its role on the LRASM-B program. The development of this antenna is a unique extension of EMS Defense & Space’s best-in-class offering of low-profile, highly efficient antennas. About EMS Technologies As one of the world’s leading providers of wireless connectivity solutions, EMS Technologies, Inc. keeps people and systems connected — on land, at sea, in the air or in space. EMS offers industry-leading technology to support Aero Connectivity and Global Resource Management markets through a broad range of cutting-edge satellite and terrestrial network products; helping businesses, assets and people stay connected and promoting universal mobility, visibility and intelligence. EMS (NASDAQ: ELMG) serves customers through operations in 12 countries. www.ems-t.com EMS Defense & Space, a division of EMS Technologies, Inc., is a leading provider of antenna and beam management systems for a broad range of military and commercial applications, including mobile network-centric operations and radar for battlefield visibility. Utilizing innovative and cutting-edge technology, the division’s products and services enable secure and vital RF links in the air, in space, at sea and on the ground.
EMS Technologies (Nasdaq:ELMG) hit a new 52-week high Wednesday as it is currently trading at $32.93, above its previous 52-week high of $32.91 with 23,670 shares traded as of 11:20 a.m. ET. Average volume has been 231,900 shares over the past 30 days.
EMS Technologies (Nasdaq:ELMG) hit a new 52-week high Tuesday as it is currently trading at $32.83, above its previous 52-week high of $26.70 with 412,038 shares traded as of 10:41 a.m. ET. Average volume has been 81,900 shares over the past 30 days.