Applied DNA Sciences Says U.S. Defense Logistics Agency Exercises 1-year Option Period In Applied DNA Counterfeit Mitigation Contract; Maximal Value Of The Indefinite Delivery Contract Is $1.04M Over An Up To 5-Year Performance Term
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences announced that the U.S. Defense Logistics Agency has exercised a 1-year option period in their counterfeit mitigation contract.
July 18, 2024 | 2:11 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Applied DNA Sciences has secured a 1-year extension on their counterfeit mitigation contract with the U.S. Defense Logistics Agency, which is likely to positively impact their revenue and strengthen their position in the defense sector.
The extension of the contract with the U.S. Defense Logistics Agency ensures continued revenue from this partnership and reinforces APDN's role in the defense sector, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100