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Raven announced today that Raven Aerostar Technical Solutions was awarded a $5.7M contract to deliver TIF-25K® Aerostat Systems sparing hardware to six existing aerostat sites in Afghanistan. Raven Aerostar Technical Solutions was also awarded a $4.7M contract to deliver two TIF-25K Aerostat Systems and associated sparing hardware in support of two additional aerostat sites in Afghanistan. Both contracts will be delivered within the next 12 months.

Raven Industries (NASDAQ: RAVN) will host its 2019 Investor Day on Tuesday, November 5, 2019 in New York City. The event will feature presentations and a Q&A session with Dan Rykhus, President and Chief Executive Officer, and Steven Brazones, Vice President and Chief Financial Officer. The event will provide an overview of the Company’s strategic plan, including the long-term vision and growth strategies.

When it comes to striving for your personal Peak Performance, it is very helpful to have a mentor to guide you along the way. Julie Larson, a Trainer for Raven Applied Technology, utilizes her time and gifts, providing advice and guidance to both to her colleagues and to students in our local schools. Congratulations, Julie, for being named October's Team Member Spotlight winner!

Raven announced today that it has entered a new, three-year, $100 million senior unsecured multi-currency revolving credit facility, with BofA Securities, Inc. acting as sole bookrunner and lead arranger. The Credit Facility also includes an uncommitted $100 million borrowing availability expansion feature, which would bring the Company’s total borrowing capacity to $200 million.

At Raven, we are committed to innovation and continuous improvement. Yuri Sneyders, Staff Research Engineer; Jonathan Mathews, Software Engineer; David Rislov, Staff Software Engineer; and Robert Haar, Engineering Team Lead, did an excellent job of improving an innovative product, making our VSN™ system easy to use for customers by developing efficient algorithms. Congratulations, team, for winning the September Team Member Spotlight!