RTTNews | May 18, 2021 10:16AM EDT

10:16 Tuesday, May 18, 2021 (RTTNews.com) - Ultralife Corp. (ULBI) shares are gaining more than 19 percent on Tuesday morning trade as the company announced a firm-fixed-price indefinite-delivery/indefinite-quantity three-year contract from the U.S. Army for purchases of Conformal Wearable Batteries. The price is not to exceed $168 million.

The company noted that the contract has the potential for up to an additional $350 million should the six one-year option periods be exercised.

Currently, shares are at $10.15, up 19.27 percent from the previous close of $8.51 on a volume of 10,499,895. For the 52-week period, the shares have traded in a range of $5.10-$11.78 on average volume of 102,137.

Read the original article on RTTNews ( https://www.rttnews.com/3195767/stock-alert-ultralife-up-19-after-winning-army-contract-for-wearable-batteries.aspx)

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