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0.025698607007176 0.025698607007176 0.0249050232165471 0.0249050232165471 -0.0105529759392149 -0.00633178556352886 -0.0189953566905867 -0.0206838328408611
Stock impact report

Intevac Photonics Announces New $7 Million Development Program

Intevac, Inc. (IVAC) 
Last intevac, inc. earnings: 4/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.intevac.com/events.cfm
Company Research Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) announced today that it has received a $1.8 million development contract award from the Joint Directed Energy Transition Office (DE JTO) in Albuquerque New Mexico, representing the funding for year one of a projected three-year, $7 million development effort. In this program, Intevac Photonics will develop a Gated SWIR Sensor for High Energy Laser (HEL) 2D Fine Tracking and Adaptive Optics system applications, building on the Company’s experience in its fielded LIVAR® camera technology and legacy Fine Tracking / Adaptive Optics sensor technology first used on the Airborne Laser (ABL) program.“The Gated SWIR camera developed under this program represents a return of Intevac to the rapidly-growing Directed Energy (DE) weapons systems market. DE systems are expected to become a critical component of our military’s advanced weapons systems and represent a significant future market opportunity for Intevac,” commented Ti Show less Read more
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