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QuickLogic Gets $5.26 Million Contract Extension to Develop High Reliability FPGA Technology for Department of Defense
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QuickLogic Gets $5.26 Million Contract Extension to Develop High Reliability FPGA Technology for Department of Defense
Jul 8, 2024 7:42 AM

10:27 AM EDT, 07/08/2024 (MT Newswires) -- QuickLogic ( QUIK ) said Monday it received a $5.26 million contract to continue developing and demonstrating a strategic radiation hardened high-reliability field programmable gate array technology for the Department of Defense.

The technology will support identified and future strategic and space system requirements of the US government, according to the company.

QuickLogic ( QUIK ) said it will remain the prime contractor and subcontractors include Honeywell International's ( HON ) Honeywell Aerospace and Everspin Technologies ( MRAM ) .

QuickLogic's ( QUIK ) shares were up 6.6% in recent Monday trading.

Price: 10.96, Change: +0.68, Percent Change: +6.57

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