VirTra Secures $24.5M IDIQ Contract From US Department Of Homeland Security

Virtra Inc VTSI has received a new contract award under the five-year, single awardee indefinite-delivery/indefinite-quantity (IDIQ) contract from the U.S. Department of Homeland Security for U.S. Customs and Border Protection (CBP).
The contract has an initial purchase value of ~$1.4 million and a purchase ceiling of $24.5 million as the maximum amount.
The award covers the warranty and service of current systems and accessories in addition to the purchase of new technology with the 4K simulator systems, recoil kits, Threat-Fire devices, TASER training kits, training content, and warranty and service plans.
Price Action: VTSI shares are trading higher by 5.18% at $8.33 during the premarket session on Tuesday.