Keysight Technologies, Inc. [NYSE: KEYS] disclosed that it has received a contract from Air Force Sustainment Center at Robins Air Force Base, Georgia. The contract which is worth $39.8 million is for the duration of five years. The deal is for Versatile Diagnostic Automatic Test Station (VDATS) kits that will back VDATS test station manufacturing and lessen propagation of unique test stations.
Keysight has gained a reputation as a provider of sophisticated abilities and technical knowledge to the US Air Force in support of VDATS. The firm disclosed that it is happy to receive this deal from the Air Force Sustainment Center. Additionally, this new multi-year deal with Keysight will offer Robins AFB with requesting ease and enhanced configuration management.
Shares of Keysight Technologies went up 0.97% as it gained +1.37 during the trading session of Thursday. The firm has recorded the day low range of $139.73 and a high range of $142.21. The closing price for the trading session of Thursday sits at $142.20. Keysight Technologies has a total market capitalization of $26.91 billion at the time of writing.
Furthermore, VDATS leverages an open architecture with test stations utilized consistently, available in the market instruments and software. This new deal will enable Keysight to offer the US Air Force will be able to access high-performance test & measurement solutions for current and future VDATS manufacturing and improvements.