VirTra Awarded $5.0 Million Department of Homeland Security IDIQ Contract for Customs and Border Protection
VirTra, Inc. (VTSI)
NASDAQ:AMEX Investor Relations:
virtra.com/investor-relations
Company Research
Source: GlobeNewswire
TEMPE, Ariz., Sept. 23, 2019 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received a new five-year, single awardee indefinite delivery/indefinite quantity (IDIQ) contract from U.S. Department of Homeland Security for U.S. Customs and Border Protection with a potential value of up to $5.0 million. In addition to receiving the IDIQ contract, VirTra has also received an initial delivery order under this contract from Customs and Border Protection for simulation training products and services valued at $799,000. VirTra anticipates recognizing revenues from this initial order within the next year. “This new IDIQ contract with Customs and Border Protection is indicative of the additive value we are able to generate with long-standing customers,” said Jason Mulcahy, General Manager of VirTra. “It ensures that CBP has the necessary resources in place to continue utilizin
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