EnerSys awarded $39 million contracts for Submarine Batteries for U.S Navy
12:00 AM, August 11, 2010
EnerSys, the global leader in stored energy solutions for industrial applications, announced that it has recently been awarded contracts valued at over $39 million for submarine batteries with five navies worldwide. The batteries will be manufactured in EnerSys' new European submarine battery production facility with the first battery scheduled to ship in early 2011. In addition to being the leading global supplier of conventional lead based battery solutions for both nuclear and diesel electric submarines, EnerSys has recently developed submarine batteries incorporating its proprietary thin plate pure lead technology for the U.S. Navy's nuclear submarine fleet and has developed large lithium ion batteries that can serve both propulsion and reserve power needs on board submarine fleets in the future. "These five new contracts give further recognition to our long-standing association with navies throughout the world." said John D. Craig, chairman, president and chief executive officer of EnerSys. "These new orders totaling $39 million are in addition to our existing contract to supply thin plate pure lead submarine batteries to the U.S. Navy."
Arotech Corp has received $17 million worth new orders for batteries and power systems.
Approximately $10 million of the orders was from a foreign Defense Ministry for military batteries and chargers for tactical communication systems