Big Law
Microsoft Wins U.S. Army Contract To Build Augmented-Reality Headsets
The Pentagon announced that Microsoft has won a contract to build more than 120,000 custom HoloLens augmented-reality headsets for the U.S. Army. The contract could be worth up to $21.88 billion over 10 years, a Microsoft spokesperson told CNBC on Wednesday.
Microsoft shares moved higher following the announcement.
The deal shows Microsoft can generate meaningful revenue from a futuristic product resulting from years of research, beyond core areas such as operating systems and productivity software.
It follows a $480 million contract Microsoft received to give the Army prototypes of the Integrated Visual Augmented System, or IVAS, in 2018. The new deal will involve providing production versions.
