PAR Technology (PAR) Announces $7.2M DoD Research and Development Contract
- Dow set to open at record high; oil hits $55
- Oil tops $55 for first time in 16 months as OPEC deal fuels buying
- Consolidated Communications (CNSL) to Acquire FairPoint Communications (FRP) in $1.5B Deal
- Wall St. stock futures fall after Italy referendum
- Pre-Open Stock Movers 12/05: (FRP) (GMED) (CHK) Higher; (CERC) (HDSN) (MRVL) Lower (more...)
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
PAR Government Systems Corporation, a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced the awarding of a $7.2 million research and development contract with the U.S. Air Force Research Laboratory (AFRL) and the Defense Advanced Research Projects Agency (DARPA). Under this four-year contract, PAR Government will be leveraging its expertise in image and video processing, cloud computing, data analytics, and digital media forensics. The contract work will be performed by PAR Government’s Intelligence, Surveillance and Reconnaissance (ISR) Solutions Sector.
“We are pleased that the Air Force and DARPA have chosen PAR Government to support the technology needs for the DARPA Media Forensics (MediFor) research and development program. Our project team includes technical leaders from both industry and academia,” commented Matt Cicchinelli, President of PAR Government. “This program complements and builds upon our expanding portfolio of PAR Government contracts in this important area of technological growth.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sotheby's (BID) Acquires Orion Analytical, Names James Martin as Director of Scientific Research
- Zynerba Pharma (ZYNE) Announces Strong ZYN002 Phase 1 in Epilepsy Patients with Focal Seizues
- ARIAD Pharma (ARIA) Announces Presentation of Brigatinib Phase 1/2, ALTA Trial Data; ORRs of 53% and 67% Noted
Create E-mail Alert Related CategoriesCorporate News
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!