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iRobot Awarded Potential $200 Million Army Contract

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iRobot (IRBT) yesterday announced it has been awarded a five-year, $200 million ceiling priced Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract for service orders for military robots, spare parts, training and repair services. The award, from the Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI), on behalf of the Robotic Systems Joint Project Office in Warren, Mich., replaces a previous IDIQ contract that expired in May 2008. The IDIQ award does not limit orders to any particular robots within iRobot's government…

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