VirTra Receives Order from US Customs and Border Protection
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VirTra, Inc. has received an order from the U.S. Customs and Border Protection (CBP) for simulation training products and services, including new drop-in recoil kits, valued at $863,000.
The order from CBP is part of an existing indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Department of Homeland Security. The IDIQ contract, which VirTra originally received in 2016, had a one-year base term with four additional option years and a potential value of up to $9.0 million. To date, CBP has purchased approximately $5.2 million of products and services from VirTra through this vehicle.
VirTra anticipates recognizing revenues from this new $863,000 delivery order before the end of 2020.
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