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Friday, August 31, 2018

L-3 is ONE eMagin Contractor, from recent CC

Night vision

The company secured $391 million in contracts for the ENVG-B night vision product line. The contract is to build 13,000 units of night vision, 10,000 for the army and 3,000 for the Marines. The deal moved extremely fast for the defense sector and only took 60 days to get underway. It also has $15-20 million of night vision sales from the Middle East sitting in accounts receivable. The potential for this product is large - the Army has plans to purchase over 100,000 units in the years ahead and the foreign military sale market is large.

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