ST Engineering's US Unit Teamed With GD C4 Systems On CHS-4 Win
- VT Miltope has potential to earn up to US$250m over the five-year IDIQ contract
It will provide three military rugged products that will meet V2 and V3 CHS-4 environmental and Electromagnetic Interferences (EMI) requirements. These products are the Enhanced / Rugged Handheld Terminal Unit, Rugged Portable Digital Assistant, and Notebook Computer Unit.
Global IT Security Spending in Government sector 2016-2020
"VT Miltope is proud to team with General Dynamics, a leading integrator of secure communication and information systems and technology, on this important IDIQ programme. We are committed to providing the Army soldier with rugged, reliable computers that meet their operational needs." ~ Julie A. BRIGGS, President and CEO, VT Miltope
The IDIQ contract allows the US Army the flexibility to acquire items defined in the contract, within stated limits, over the five-year period.
The contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
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Source : Singapore Technologies Engineering Ltd (SGX: ST Engg)