Geospace Technologies (NASDAQ:GEOS) today announced that its subsidiary Quantum Technology Sciences secured a firm-fixed-price contract with the U.S. Naval Surface Warfare Center Crane Division, Crane, Indiana. The contract is a Small Business Innovative Research Phase III sole-source award for the Company’s Seismic Acoustic Detection and Ranging Underwater System. The estimated value of this initial contract is $10,843,003 through the end of fiscal year 2027.

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