Microsoft Scores With US Army Googles Amid Odds: Bloomberg

The Appropriations Defense Subcommittee cut $350 million from the Army's procurement request for more than $400 million in fiscal 2023 for the Integrated Visual Augmentation System, a customized version of Microsoft Corp's MSFT HoloLens goggles, Bloomberg reports.
The Senate panel cited unresolved technical concerns.
The panel reserved concerns over IVAS's continued software, hardware, and user-acceptance challenges.
The panel saw potential in the device to improve soldiers' battlefield capabilities while representing an essential step in the Pentagon's efforts to "engage with non-traditional defense contractors" like Microsoft.
The move coincided with Democrats' release of a proposed $808.6 billion Pentagon spending bill for 2023, up from President Joe Biden's request of $773 billion.
The goggles enable commanders to project information onto a visor in front of a soldier's face and incorporate features like night vision.
Over a decade, the Army has projected spending up to $21.9 billion on 121,500 devices, triggering a debate with the Pentagon. A Pentagon inspector general saw the contract straining taxpayers' funds.
Price Action: MSFT shares traded higher by 0.53% at $277.87 in the premarket on the last check Friday.