'Army Awards Microsoft $95M For Additional IVAS 1.2 Headsets, Virtual Trainers' - DefenseScoop
Portfolio Pulse from Benzinga Newsdesk
The US Army has awarded Microsoft a $95 million contract for the next stage of the Integrated Visual Augmentation System (IVAS) program. The technology, based on Microsoft's HoloLens 2 device, is a high-priority modernization initiative for the Army. The new variant, IVAS 1.2, has received positive feedback from initial testing. The contract includes the development and delivery of 280 pre-production IVAS 1.2 systems and 11 soldier immersive virtual trainers. The program could be worth up to $21.9 billion if fully realized.
September 21, 2023 | 7:36 pm
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Microsoft has been awarded a $95 million contract by the US Army for the next stage of the IVAS program. The contract includes the development and delivery of 280 pre-production IVAS 1.2 systems and 11 soldier immersive virtual trainers. The program could be worth up to $21.9 billion if fully realized.
The news of Microsoft securing a $95 million contract from the US Army for the next stage of the IVAS program is positive for the company. This not only brings in immediate revenue but also opens up the potential for a much larger payout if the program is fully realized. This could have a positive impact on Microsoft's stock in the short term.
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