Vuzix Receives Follow-On OEM Purchase Order For Engineering Services And Product Solutions From A Major Defense Customer
Portfolio Pulse from Benzinga Newsdesk
Vuzix Corporation (NASDAQ:VUZI) has received a follow-on OEM purchase order for engineering services and products from a major US-based defense customer. The order is for Phase 2 development of components for a lightweight heads-up display (HUD) and brings the total contract value closer to a mid-six-figure level.
June 13, 2023 | 1:26 pm
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Vuzix Corporation receives a follow-on OEM purchase order from a major defense customer, increasing the total contract value and potentially boosting revenues.
The follow-on order from a major defense customer indicates a continued partnership and trust in Vuzix's products and services. This will likely have a positive impact on the company's revenues and overall financial performance in the short term, as the order brings the total contract value closer to a mid-six-figure level. Additionally, the company's involvement in the defense sector may attract further interest from investors.
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