xG Technology, Inc. (Nasdaq: XGTI, XGTIW) has announced that their IMT Vislink business has been awarded a $12.5 million contract by the U.S. Army with an estimated completion date of September 24, 2020, for the supply of hand-held intelligence, surveillance and reconnaissance (ISR) receiver devices — this represents the third contract received from the Army since 2013 for this same requirement.
 
Equipment covered by the contract includes ruggedized, lightweight hand-held receivers designed to display real-time video imagery transmitted by aerial assets or frontline surveillance platforms, as well as related accessories.
 
George Schmitt, Executive Chairman and CEO of xG Technology, said that this contract is a huge game changer that underscores the company's proven expertise in designing and delivering best-in-class wireless video communications solutions that enhance tactical insights. Beyond just the value of the contract to the firm, xG is proud to have the firm's technology support the nation's fighting men and women overseas and look forward to supporting the troops in any way we can.