San Diego GATR Technologies has a one-half billion dollar deal in hand.
The U.S. Army awarded the Cubic Corp. subsidiary a $522.5 million contract modification for its specialty product, inflatable satellite antenna systems. GATR builds a satellite dish that inflates like a beach ball and collapses for transport. The deal, announced Aug. 10, calls for antenna systems of several sizes, as well as spares and training. Work will continue through September 2023.
The U.S. Army Contracting Command of New Jersey inked the contract.
GATR Technologies is in Huntsville, Alabama. San Diego-based Cubic (NYSE: CUB) acquired the business in early 2016 for $232.5 million.
GATR manufactures dishes that are 4 feet, 6 feet, 8 feet and 13 feet in diameter. When inflated with a blower, the antenna inside assumes a parabolic shape. The GATR ball can stay inflated if punctured with small-caliber bullet holes.