iRobot Receives Additional $3.5 Million Order From U.S. Army
iRobot Corp. (Nasdaq: IRBT) today announced it has received an order totaling $3.5 million under a contract with the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI).
This is the seventh order under the $286 million Indefinite Delivery/Indefinite Quantity (IDIQ) xBot contract. Under its terms, iRobot will deliver up to 26 of its PackBot 510 with FasTac Kit robots and spare parts to the Army. Total orders under this contract have now reached approximately $67 million.
"With this most recent order, the Army is making it clear that it intends to build upon its use of unmanned systems," said Joe Dyer, president of iRobot Government and Industrial Robots. "Over the years, we have seen the life saving benefits of the iRobot PackBot. We are honored to continue providing these valuable tools to our troops to increase mission effectiveness and keep them safer on the battlefield."
The PackBot 510 with FasTac Kit is used by infantry in combat operations to perform reconnaissance, investigate suspicious objects, identify roadside bombs and other improvised explosive devices (IEDs), and to uncover unexploded ordnance while keeping soldiers in theater at safe distances. iRobot will deliver spare parts to the Army by January 29, 2009 and all 26 PackBot with FasTac Kit robots by April 30, 2009.
iRobot has delivered more than 2,000 PackBot robots that make a difference everyday by conducting dangerous missions that keep warfighters out of harm's way.
About iRobot Corp.
iRobot designs and builds robots that make a difference. The company's home robots help people with smarter ways to clean, and our government and industrial robots protect those in harm's way. iRobot's consumer and military robots feature iRobot AWARETM robot intelligence systems, proprietary technology incorporating advanced concepts in navigation, mobility, manipulation and artificial intelligence. For more information about iRobot, please visit www.irobot.com.
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