Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Is the AI Arms Race Bolstering Demand for...
Gold Boom, AI Bubble and Black Swans: Where...
InMed Pharmaceuticals
Theia In-fill – Multiple High-Grade Zones of Gold
Ontario Lithium Project Development Update
Graphite One Confirms Rare Earth Elements at Alaska...
Living Plants Offer New Path to Rare Earths...
East Star and Endeavour Mining to Collaborate on...
Rio Tinto and Calix to Partner on Zero...
Longtime Walmart CEO to step down in January
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

$5.6M Contract Awarded for US Department of Defense Project

by admin September 11, 2024
September 11, 2024
$5.6M Contract Awarded for US Department of Defense Project

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
Global Investing: How to Diversify with an International Portfolio
next post
JZR Gold Announces Closing Of Non-Brokered Private Placement Offering Of Convertible Debentures

You may also like

Crypto Market Recap: Trump’s Crypto Moves Stir ECB...

February 8, 2025

High Grade Results Continue in Sandstone Drilling

May 8, 2025

Cannabis Round-Up: Banking Reform and Rescheduling De-Prioritized as...

February 5, 2025

Drilling recommences at Yunndaga

July 10, 2025

Silver Tiger Announces PFS With NPV of US$222M...

November 1, 2024

The First of Three New Drilling Programs Underway...

September 10, 2024

WPIC: Platinum Market Facing Third Consecutive Deficit in...

November 28, 2024

Chariot and Mustang Lithium LLC Repossess Horizon and...

August 30, 2024

What Comes After ETFs? The Case for Tokenized...

May 30, 2025

Energy Fuels: Uranium Sector Strong, Now Ramping Up...

October 4, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Is the AI Arms Race Bolstering Demand for Gold?

      November 18, 2025
    • Gold Boom, AI Bubble and Black Swans: Where is the Risk?

      November 18, 2025
    • InMed Pharmaceuticals

      November 18, 2025
    • Theia In-fill – Multiple High-Grade Zones of Gold

      November 18, 2025
    • Ontario Lithium Project Development Update

      November 18, 2025
    Promotion Image

    banner ads

    Categories

    • Business (903)
    • Economy (829)
    • Investing (3,272)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved