1st Detect Awarded a Homeland Security Research and Development Contract to Expand the TRACER 1000™ Explosive Threat Detection
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Astrotech Corporation's subsidiary, 1st Detect Corporation, has been awarded a research and development contract by the U.S. Department of Homeland Security to enhance the TRACER 1000 explosive threat detection system.
January 14, 2025 | 1:45 pm
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POSITIVE IMPACT
Astrotech Corporation's subsidiary, 1st Detect, has secured a significant R&D contract with the U.S. Department of Homeland Security to develop the TRACER 1000 explosive detection system.
The contract with DHS is a significant development for Astrotech, as it not only provides funding but also validates the potential of the TRACER 1000 system. This could lead to further government contracts and increased demand for their technology, positively impacting the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90