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published in Blogs
Apr 01, 2021
Microsoft (MSFT, $235.77) wins Pentagon contract for AR headsets; deal could be worth $22 billion over 10 years

Microsoft (MSFT, $235.77) wins Pentagon contract for AR headsets; deal could be worth $22 billion over 10 years

Microsoft   won a major Pentagon contract, potentially worth $22 billion for the next years, for augmented reality headsets. Per the contract, the technology giant will produce 120,000 of the headsets, which are based on its HoloLens technology,

According to a statement from the Program Executive Office Soldier, the Pentagon awarded Microsoft a fixed price production agreement to manufacture the Integrated Visual Augmentation System (IVAS).

Microsoft’s headsets will be used to boost situational awareness for military personnel by using holograms overlying the actual visual environment, CNBC reported.  The device will help in displaying maps, compasses and thermal images, aiming points for weapons carried by the personnel(according to the report). 

This follows a $480 million contract Microsoft won to give the Army prototypes of the Integrated Visual Augmented System, or IVAS, in 2018.

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