Update: VirTra Shares Jump After $5.9 Million Prototype Contract Announcement-February 2024-www.financetom.com

Update: VirTra Shares Jump After $5.9 Million Prototype Contract Announcement

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Update: VirTra Shares Jump After $5.9 Million Prototype Contract Announcement

Apr 18, 2024 11:22 AM

01:56 PM EDT, 04/18/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

VirTra ( VTSI ) shares rose more than 18% in recent trading Thursday after the company said it has won a $5.9 million order for prototypes to support the Integrated Visual Augmentation System program of the US Army.

With Microsoft ( MSFT ) as the prime contractor, the order covers bolt kits and magazines and high-pressure air fill stations for the program's specifications, VirTra ( VTSI ) said.

The company said it will recognize revenue in three stages with reliability testing, soldier assessment and final hardware deliveries all scheduled this year.

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