Palomar Display Products, Inc. awarded a $5.3M contract and IDIQ Contract ceiling increase to $37.9M

Carlsbad, CA – October 12, 2017

Palomar Display Products, Inc. announced today that it has been awarded a firm fixed price contract totaling $5.3M to deliver military display systems for the M1 Abrams tank.

The optically coupled display systems have been designed, tested and qualified for the M1 Abrams tank and will be installed on tanks delivered to the US and International customers. All deliveries under this contract will take place through 2018.

In addition, Palomar Display Products Inc.’s IDIQ (Indefinite Quantity, Indefinite Delivery) sole source contract with the US Army has been increased by $9.3M for a new maximum award ceiling of $37.9M.

“This significant order greatly contributes to our 2018 backlog,” stated Palomar Display Products President Paul Bell. “And the additional $9.3M increase to our IDIQ contract is a clear indication that our product offering will remain the backbone gunner’s thermal sight display for the M1 Abrams tank for years to come”.

Headquartered in Carlsbad, California, Palomar Display Products, Inc. is a proven world leader in the development and manufacture of high-resolution tactical targeting displays that are installed on tens of thousands of armored vehicles worldwide.

Palomar Display Products, Inc. awarded $4.2M contracts

Carlsbad, CA – January 10, 2017

Palomar Display Products,Inc.announced today that it has been awarded two firm fixed price contracts from two customers totaling $4.2M to deliver military display systems for the M1A Abrams tank. The optically coupled display systems have been designed, tested and qualified for the M1A Abrams tank and will be installed on tanks delivered to the US Military. All deliveries under this contract will take place through 2017.

“2016 was a very good year for us and this order contributes to our 2017 backlog,” stated Palomar Display Products President Paul Bell. “The recurring selection of Palomar Display Products as a sole supplier of such vital equipment to the most advanced fighting vehicle in the world reinforces Palomar’s position as the primary relevant supplier of thermal sight displays for the US and International armored vehicle market.”