QuickLogic bags $5.26M U.S. government contract (NASDAQ:QUIK)

QuickLogic (NASDAQ:QUIK) awarded a $5.26M contract to continue the development and demonstration of a Strategic Radiation Hardened (SRH) high reliability Field Programmable Gate Array technology to support identified and future Department of Defense strategic and space system requirements.
The company will continue as the prime contractor collaborating with subcontractors including Honeywell Aerospace and Everspin Technologies.
“This project builds on the company’s 30+ year heritage of delivering FPGA technology to Aerospace companies and Defense Industrial Base and will extend our capabilities to support SRH design objectives.” said Brian Faith president and CEO.