Maris-Tech gets $184K contract expansion for armored vehicle system
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announced that a governmental defense customer has exercised an option under an existing prime contractor agreement, expanding the contract value by approximately $184,000.
The expansion brings the aggregate value of the contract to approximately $534,000. The agreement covers the development and supply of a military standard (MIL-STD) vehicle-mounted audio-based system for armored fighting vehicles.
The original contract was announced on June 26, 2026, and represented Maris-Tech's first engagement as a prime contractor. Deliveries under the exercised option are expected to be completed in accordance with the overall project schedule.
"We believe the customer's decision to exercise this option reflects confidence in the speed and quality of our response throughout the program," said Israel Bar, Chief Executive Officer of Maris-Tech.
The Israel-based company, which focuses on edge computing, AI, and video intelligence solutions for defense applications, is headquartered in Rehovot, Israel.
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