iRobot Announces $13.9 Million Contract

iRobot Corp. IRBT today announced that the Brigade Combat Team Modernization Increment 1 production purchase contract has been finalized for a firm fixed price value of $13.9 million. The contract calls for iRobot to deliver 45 Small Unmanned Ground Vehicles as part of the Army's low-rate initial production contract for the first brigade set of BCTM Increment 1 capabilities. To date, 30 SUGVs have been delivered, with the remaining 15 to be delivered in January 2011. The purchase contract also includes training, field service support and spares.