Xenonics (XNN) Awarded $2 Million IDIQ Contract by the U.S. Army
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XENONICS HOLDINGS, INC. (AMEX: XNN) announced that it has been awarded an Indefinite Delivery, Indefinite Quantity (IDIQ) contract valued at up to $2 million over the next two years by the U.S. Army for the Company's NightHunter 3 high-intensity illumination systems and related accessories. An initial $366,000 purchase order was received under this contract and is expected to ship this month.
"We are proud to supply our NightHunter 3 Weapons Mount Tactical Package to the U.S. Army Rapid Equipping Force," said Alan Magerman, CEO of Xenonics.
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