Applied Energetics (AERG) announced its selection to participate in the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense Indefinite Delivery Indefinite Quantity contract vehicle.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 Department of War’s new Golden Dome missile defense initiative, designed to create a layered shield against advanced ballistic and cruise missile threats. The SHIELD program has a potential 10-year contract ceiling of $151B 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 it does not commit the government to proceed to a contractual commitment. More than 2,100 organizations were selected to participate in the SHIELD program.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AERG:
