MTS Systems awarded $187M in contracts from US Department of Defense

MTS Systems Corporation's sensor business unit was awarded purchase orders totaling approximately $187 million from the US Department of Defense for advanced technology sensors. Delivery will begin in fiscal 2019 and be completed over five to seven years.

“These Purchase Orders have been awarded and funded up to USD20 million and include option clauses which are expected to be awarded incrementally up to an additional USD 167 million throughout the performance period of each contract.”financial-news.co.uk

• 1 source
• financial-news.co.ukDOD awards USD 187m in contracts for advanced sensors to MTS Systems - Financial NewsNews TeamSep 21, 2018

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