Benzinga | Jun 24, 2021 08:14AM EDT

VirTra Reports $800K Delivery Order Under Previous Dept. Of Homeland Security Indefinite Delivery/Indefinite Quantity Contract For US Customs, Border Protection

VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received an $800,000 delivery order under the five-year, single awardee indefinite delivery/indefinite quantity (IDIQ) contract from U.S. Department of Homeland Security for U.S. Customs and Border Protection (CBP). The initial order was awarded in September 2019.

"Continuing to assist Customs and Border Protection with their training is proof of the long-term value and effectiveness of VirTra's products," said Jason Mulcahy, General Manager of VirTra. "As a vital necessity to our country, CBP agents and officers must have the proper and effective tools to ensure the development and retention of their skills."

VirTra will continue to provide CBP with video-based simulators and custom content for its training facilities. VirTra anticipates generating continued revenue from the IDIQ for the next two years, adding to a value of up to $5.0 million over the five-year IDIQ contract.