Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Investing

$5.6M Contract Awarded for US Department of Defense Project

September 11, 2024
in Investing
$5.6M Contract Awarded for US Department of Defense Project
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

xReality Group Limited (XRG) is pleased to announce it has been awarded a $5.6M AUD contract to deliver a new immersive training capability to the United States Department of Defence. The contract has been awarded to XRG by Acrolect Solutions LLC, DBA Endurance Group, who is serving as prime contractor to the US Department of Defence for the R&D effort.

The contract scope is to deliver a new immersive training capability and includes supplying Operator XR system licenses along with R&D services.The R&D project duration is 20 months commencing 11th September 2024.The contract presents opportunities for follow on work.

This project represents the first sale of Operator XR’s immersive training systems to a US Federal Government customer, and will be delivered across a period of 20 months starting 11th September 2024. The contract includes pathways for follow on work within the DoD and broader US Government agencies.

CEO of XRG, Wayne Jones said“the strategic importance of this project cannot be understated, representing Operator XR’s first major engagement with the US Department of Defence. Operator XR will be jointly developing a cutting edge capability that has the potential to expand into further global agencies as well as the many operational units within the US Defence Force.”

This ASX Release is authorised by the Board of xReality Group Limited.

Click here for the full ASX Release

This post appeared first on investingnews.com

Previous Post

Top 10 Pharma Companies by Revenue (Updated 2024)

Next Post

JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

Next Post
JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    A piece of the illegally felled Sycamore Gap tree is going on display – and you can hug it

    A piece of the illegally felled Sycamore Gap tree is going on display – and you can hug it

    July 11, 2025
    EU’s von der Leyen survives parliament confidence vote brought by far-right

    EU’s von der Leyen survives parliament confidence vote brought by far-right

    July 11, 2025
    Critics slam Mexico’s gentrification protests as xenophobic. Activists say they’re fighting for their human rights

    Critics slam Mexico’s gentrification protests as xenophobic. Activists say they’re fighting for their human rights

    July 11, 2025
    Justice Jackson: I get to tell people ‘how I feel’ in court opinions

    Justice Jackson: I get to tell people ‘how I feel’ in court opinions

    July 11, 2025
    Disclaimer: bankstreetjournal.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Black boxes will give investigators more certainty of what happened on Air India flight, experts say

    Black boxes will give investigators more certainty of what happened on Air India flight, experts say

    June 14, 2025

    Placement Shares Issued & Drilling Approval Expected August

    Placement Shares Issued & Drilling Approval Expected August

    July 10, 2025

    Recent News

    A piece of the illegally felled Sycamore Gap tree is going on display – and you can hug it

    A piece of the illegally felled Sycamore Gap tree is going on display – and you can hug it

    July 11, 2025
    EU’s von der Leyen survives parliament confidence vote brought by far-right

    EU’s von der Leyen survives parliament confidence vote brought by far-right

    July 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2024 BankStreetJournal.com | All Rights Reserved