iRobot Receives $60 M Army ContractBedford, Mass. - iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, has received a five-year $60 million indefinite delivery/indefinite quantity contract from the U.S. Army's Robotic Systems Joint Program Office (RSJPO). The U.S. Army Contracting Command in Warren, Michigan is the contracting entity.
Under the contract's terms, the Army can procure iRobot PackBot(r) robots, spare parts, repairs, upgrades and support services for U.S. military requirements, including Foreign Military Sales (FMS). iRobot has delivered its combat-proven government and industrial robots to customers in approximately 30 countries.
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"iRobot's sales to international customers, directly and through FMS contracts, continue to grow. We see great potential for continued growth, as existing customers use robots in a wider variety of missions and potential customers become aware of their life-saving benefits," said Robert Moses, president of iRobot's Government and Industrial Robots division. "iRobot is pleased to have this contract vehicle in place, which will allow the Army to purchase additional robots and deliver them to our soldiers, allies and coalition partners across the globe."
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Source : iRobot Corporation (Nasdaq: IRBT)
May 14, 2015 - Singapore, Singapore