VDC Awarded $1M US Navy Flight Simulation Contract.
October 11, 2021
Video Display Corporation (OTC:VIDE), a world-class supplier of simulation solutions, display systems, and display components, as well as TEMPEST products and services announced today that the Navy has exercised the approximately $1M option on the previously announced simulation contract for visual display. The option was exercised after the approval of the design and commencement of installation on the initial $1M contract.
The contract option involves the installation of already designed visuals for multiple flight simulators that includes domes, projection systems, and the warping and blending solutions. System delivery for the option is expected to be completed in early 2022.
In addition to dome simulators, VDC also designs and installs multifaceted display visuals for flight simulators, having recently just completed an installation of a multifaceted simulator in Europe with more installations in Europe scheduled before the end of 2021.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company’s Form 10-K for the year ended February 28, 2021, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Video Display Corporation, Atlanta
Ronald D. Ordway, 770-938-2080