QuickLogic Awarded $5.26M Contract
Portfolio Pulse from Benzinga Newsdesk
QuickLogic has been awarded a $5.26 million contract, marking the third tranche of the Strategic Radiation Hardened Contract initiated in August 2022. QuickLogic will continue as the Prime Contractor, collaborating with Honeywell Aerospace and Everspin Technologies.
July 08, 2024 | 12:06 pm
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QuickLogic has secured a $5.26 million contract, continuing its role as the Prime Contractor in the Strategic Radiation Hardened Contract. This is expected to positively impact the company's revenue and strengthen its market position.
The $5.26 million contract is a significant addition to QuickLogic's revenue stream and reinforces its role as a key player in the Strategic Radiation Hardened Contract. This should boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
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