Ricardo receives a 385 million USD contract to deliver additional ABS/ESC retrofit kits to US Army
The United States Army has awarded Ricardo Defense Inc a contract valued at over 385 million USD to continue production and delivery of Antilock Brake System/Electronic Stability Control (ABS/ESC) retrofit kits, with an order completion date of 15 March 2026. The ABS/ESC retrofit kits are for use on the US Army’s High Mobility Multipurpose Wheeled Vehicle (HMMWV).
The contract action extends the previous base three-year contract, awarded in March 2021, by two years and increases the ceiling from 89 million USD to 474 million USD.
Funding will be determined with each deliver order (DO) with the first DO received under the terms of the extended contract, for 92 million USD. Deliveries for the units on this order have commenced and will continue through the first half of calendar 2024.
Chet Gryczan, President of Ricardo Defense Inc, said: “This award supports the retrofit of the US Army’s HMMWV and is testament to our commitment of ensuring the safety of soldiers and operators remain at the forefront of every training and mission executed.”
About Ricardo
Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com.
Ricardo Defense Inc, is the business entity within Ricardo plc that works on defense contracts for the US DoD and it therefore operates as a separate entity governed by a Special Security Agreement (SSA). Ricardo Defense Inc provides solutions to meet the challenges faced by defense customers in the integration of complex and diverse systems specialising in taking innovative technologies from science to real-world deployment.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230911013100/en/
Contact information
Natasha Perfect
Group Marketing and Communications Director
Email: natasha.perfect@ricardo.com
Telephone: +44 (0) 7921 406048
Kathryn Bellamy
Group Head of Corporate Communications
Email: kathryn.bellamy@ricardo.com
Telephone: +44 (0) 7921 941824
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
FRESOR's Big Breakthrough Shakes Up the European Vaping Industry28.9.2023 10:00:00 EEST | Press release
FRESOR, as the world's Leading Vaping Technology Platform, launched upgraded FRESOR NOVA technology and its latest product, FRESOR Slim at InterTabac 2023. This marks its first-ever launch in Germany and the third foray into the European market this year, following its successful debuts at Vaper Expo UK 2023 in Birmingham, UK, and Vapitaly 2023 in Italy in May. The exhibition achieved tremendous success, leaving a lasting impression on all attendees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230928481680/en/ (Photo: Business Wire) "Where Flavor Meets Technology" On the opening day of the exhibition, September 14th, FRESOR hosted a spectacular product launch event at booth 3.F50, themed "Where Flavor Meets Technology." 1. Upgraded FRESOR NOVA technology During this event, FRESOR proudly unveiled its flagship offering – Upgraded FRESOR NOVA technology. This cutting-edge technology is specifically designed for small-capaci
AI Alignment Lab Achieves Major Milestone in Step Towards Agentic AI28.9.2023 08:00:00 EEST | Press release
Aligned AI, a leader in artificial intelligence (AI) research, has announced a groundbreaking AI advancement in misgeneralization, a critical challenge in the field of AI. It is the first to surpass a key benchmark called CoinRun by teaching an AI to “think” in human-like concepts. The technology underpinning the achievement opens the door to more precise, reliable, and controllable AI for a wide variety of real world applications. By teaching AI models to generalize in a manner more akin to agentic human cognition, Aligned AI’s innovation enables AI to correctly identify concepts across new situations and environments, reducing the need for prolonged production, testing, and retraining. Misgeneralization occurs when AI systems learn incorrect patterns and behaviors from their training data, and are not able to correctly adapt when presented with new information. This leads to unexpected, and often harmful, outcomes. Today’s foundation models suffer from varying degrees of misgeneraliz
Interactive Brokers Group Consolidates EU Operations into Ireland28.9.2023 07:00:00 EEST | Press release
Interactive Brokers Group (Nasdaq: IBKR), a leading global brokerage firm, today announced the consolidation of its European brokerage operations, with Interactive Brokers Central Europe (“IBCE”), based in Budapest Hungary, merging its client base and operations into the operations of Interactive Brokers Ireland (“IBIE”). The Group expects the merger of its European operations to produce measurable improvements in efficiency, while retaining its key talent pool and regional client focus. IB Ireland, based in Dublin and regulated by the Central Bank of Ireland, will manage the merged business, with IBCE continuing to provide its expertise to clients across the continent, and particularly in Central and Eastern Europe. Since commencing business following Brexit, these two operations have delivered and supported significant client growth as Interactive Brokers Group expands its presence across Europe. "This decision is consistent with the Group’s continuous focus on operational efficiency
TSMC Announces Breakthrough Set to Redefine the Future of 3D IC27.9.2023 22:17:00 EEST | Press release
TSMC (TSE: 2330, NYSE: TSM) today announced the new 3Dblox 2.0 open standard and major achievements of its Open Innovation Platform® (OIP) 3DFabric Alliance at the TSMC 2023 OIP Ecosystem Forum. The 3Dblox 2.0 features early 3D IC design capability that aims to significantly boost design efficiency, while the 3DFabric Alliance continues to drive memory, substrate, testing, manufacturing, and packaging integration. TSMC continues to push the envelope of 3D IC innovation, making its comprehensive 3D silicon stacking and advanced packaging technologies more accessible to every customer. “As the industry shifted toward embracing 3D IC and system-level innovation, the need for industry-wide collaboration has become even more essential than it was when we launched OIP 15 years ago,” said Dr. L.C. Lu, TSMC fellow and vice president of Design and Technology Platform. “As our sustained collaboration with OIP ecosystem partners continues to flourish, we’re enabling customers to harness TSMC’s le
Linksys Announces the Next Step in Home and Small Office Network Security27.9.2023 20:00:00 EEST | Press release
Linksys®, an iconic Home and Small Office connectivity company, announces in a statement of direction the new Cognitive™ Security capability, which will complement the newly released Designer Series through the end of the year. Cognitive Security technology will then be released in the soon-to-be announced Icon Series later this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927310620/en/ Image of one white WiFi node, one grey WiFi node and one black WiFi node placed in a zig-zag formation (Photo: Business Wire) Designer Series products that will feature Cognitive Security are: Velop® Pro 6E – currently shipping Velop Pro 7 – shipping in September Velop Micro Router 6 – expected in October/November Velop Micro Mesh 6 – expected in October/November The term “Cognitive” in the technology space refers to “thinking technologies,” which can deterministically, either by user selection or automation, solve problems. In Pha
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom