Vuzix Pockets Follow-On OEM Purchase Order From Major Defense Customer
Portfolio Pulse from Shivani Kumaresan
Vuzix Corporation (NASDAQ:VUZI) has received a follow-on OEM purchase order for engineering services and products from a major U.S.-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 | 4:14 pm
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Vuzix Corporation receives a follow-on OEM purchase order from a major U.S. defense customer, bringing the total contract value closer to a mid-six-figure level.
The follow-on OEM purchase order from a major U.S. defense customer is a positive development for Vuzix Corporation. This order will contribute to the company's revenue and demonstrates the demand for its products in the defense sector. As a result, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100