Business UpdateAug 11, 2026, 09:17 AM
Maris-Tech Receives $184K Contract Expansion for Defense Program
AI Summary
Maris-Tech Ltd. announced that a governmental defense customer has exercised an option under a previously announced prime contractor agreement. This expansion adds approximately $184,000 to the contract, bringing the total value to about $534,000. The option reflects the customer's confidence in Maris-Tech's execution capabilities for the MIL-STD vehicle-mounted audio-based system for armored fighting vehicles.
Key Highlights
- Governmental defense customer exercised an option for contract expansion.
- The expansion adds approximately $184,000 to the existing contract value.
- The aggregate value of the contract is now approximately $534,000.
- The contract is for a MIL-STD vehicle-mounted audio-based system for armored fighting vehicles.
- Deliveries under the option are expected to be completed according to the overall project schedule.
- This marks Maris-Tech's continued role as a prime contractor for ground force systems.
Price Impact
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