Le Lézard
Classified in: Transportation, Science and technology, Business
Subject: CON

Palomar Display Products, Inc. awarded a $5.3M contract and IDIQ Contract ceiling increase to $37.9M


CARLSBAD, Calif., Oct. 12, 2017 /PRNewswire/ -- Palomar Display Products, Inc. announced today that it has been awarded a firm fixed price contract totaling $5.3M to deliver military display systems for the M1 Abrams tank.

The optically coupled display systems have been designed, tested and qualified for the M1 Abrams tank and will be installed on tanks delivered to the US and International customers. All deliveries under this contract will take place through 2018.

In addition, Palomar Display Products, Inc.'s IDIQ (Indefinite Quantity, Indefinite Delivery) sole source contract with the US Army has been increased by $9.3M for a new maximum award ceiling of $37.9M.

"This significant order greatly contributes to our 2018 backlog," stated Palomar Display Products President Paul Bell. "And the additional $9.3M increase to our IDIQ contract is a clear indication that our product offering will remain the backbone gunner's thermal sight display for the M1 Abrams tank for years to come."

Headquartered in Carlsbad, California, Palomar Display Products, Inc. is a proven world leader in the development and manufacture of high-resolution tactical targeting displays that are installed on tens of thousands of armored vehicles worldwide.

http://www.palomardisplays.com/

Media Contact:
Palomar Display Products, Inc.
Zeev Kalansky, VP Business Development
7609313289

PRLog ID: www.prlog.org/12670303

 

SOURCE Palomar Display Products, Inc.


These press releases may also interest you

at 16:30
World Kinect Corporation invites you to participate in a conference call with its management team on Thursday, April 25, 2024, at 5:00 p.m. Eastern Time to discuss the company's first quarter 2024 results, as well as certain forward-looking...

at 16:30
Cheche Group Inc. ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced it has entered into a partnership with Beijing Houji Insurance Brokerage Co., Ltd. ("Beijing Houji"), an affiliate of Xiaomi...

at 16:30
Nuvve Holding Corp. (Nuvve) , a green energy technology company that provides a globally-available, commercial vehicle-to-grid (V2G) technology platform designed to enable electric vehicle (EV) batteries to store and resell unused energy back to the...

at 16:15
Werner Enterprises, Inc. , a premier transportation and logistics provider, will release its first quarter earnings on Tuesday, April 30, 2024, after the market close. The company will also hold a conference call to discuss the first quarter 2024...

at 16:10
Surf Air Mobility Inc. , a leading regional air mobility platform, today reported its fourth quarter and full year results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to...

at 16:10
Power Solutions International, Inc. (the "Company" or "PSI") amended its $130 million uncommitted senior secured revolving credit agreement (the "Fourth Amended and Restated Credit Agreement"), with Standard Chartered Bank, as administrative agent...



News published on and distributed by: