iRobot receives $8.8 order from U.S. Army Program Executive Office
Robot maker iRobot Corp. (Nasdaq: IRBT) said this morning that it received a delivery order totaling $8.8 million from the U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), on behalf of the Robotic Systems Joint Project Office in Redstone Arsenal, Ala.
The order is for 40 iRobot PackBot robots, plus spare parts and equipment.
Including this order, PEO STRI’s orders total to $45 million year to date.
iRobot said it expects to complete delivery by the end of June 2008.
Shares of iRobot (IRBT) rose $18.09, or $0.35, to 1.97% ahead of the opening. Shares of iRobot have been trading in the range of $12.76 to $26.70 for the past 52 weeks.
