Palomar Display Products, Inc. awarded a $5.3M contract and IDIQ Contract ceiling increase to $37.9M

Date : 10/12/2017 @ 3:43PM
Source : PR Newswire (US)

Palomar Display Products, Inc. awarded a $5.3M contract and IDIQ Contract ceiling increase to $37.9M

CARLSBAD, Calif., Oct. 12, 2017 /PRNewswire/ -- Palomar Display Products, Inc. announced today that it has been awarded a firm fixed price contract totaling $5.3M to deliver military display systems for the M1 Abrams tank.

The optically coupled display systems have been designed, tested and qualified for the M1 Abrams tank and will be installed on tanks delivered to the US and International customers. All deliveries under this contract will take place through 2018.

In addition, Palomar Display Products, Inc.'s IDIQ (Indefinite Quantity, Indefinite Delivery) sole source contract with the US Army has been increased by $9.3M for a new maximum award ceiling of $37.9M.

"This significant order greatly contributes to our 2018 backlog," stated Palomar Display Products President Paul Bell. "And the additional $9.3M increase to our IDIQ contract is a clear indication that our product offering will remain the backbone gunner's thermal sight display for the M1 Abrams tank for years to come."

Headquartered in Carlsbad, California, Palomar Display Products, Inc. is a proven world leader in the development and manufacture of high-resolution tactical targeting displays that are installed on tens of thousands of armored vehicles worldwide.

http://www.palomardisplays.com/

Media Contact:
Palomar Display Products, Inc.
Zeev Kalansky, VP Business Development
7609313289

PRLog ID: www.prlog.org/12670303

 

View original content:http://www.prnewswire.com/news-releases/palomar-display-products-inc-awarded-a-53m-contract-and-idiq-contract-ceiling-increase-to-379m-300535873.html

SOURCE Palomar Display Products, Inc.

Copyright 2017 PR Newswire

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