VirTra awarded $5.9M prototype contract from U.S. Army IVAS prime contractor

VirTra (VTSI) announced a $5.9 million order for prototypes to support the U.S. Army’s Integrated Visual Augmentation System program. This order represents an important continuation in VirTra’s engagement with the IVAS program. VirTra will recognize revenue in three phases with reliability testing, soldier assessment, and final hardware deliveries, all scheduled in 2024. The order includes bolt kits and magazines and high-pressure air fill stations for the IVAS program specifications with Microsoft (MSFT) as the prime contractor. John Givens, CEO of VirTra, stated, “This additional prototype contract award, in support of the IVAS program, is a testament to the reliability and performance of our technology. This series of awards has implemented new features and tuned our design to meet the rigorous requirements of the program. Our enhanced production capabilities and investment in new technologies have solidified our contract execution by improving quality and capacity.”