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Geospace Technologies Corp.

07/30/2026 | Press release | Distributed by Public on 07/30/2026 15:33

Subsidiary Quantum Lands $10.8 Million Sole Source Federal Contract with US Navy

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.

Geospace will provide an application of the company's proprietary acoustic sensor and analytics based on the underlying SADAR® system by deploying passive seismic-acoustic phased-array systems.

Geospace Technologies Corp. published this content on July 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 30, 2026 at 21:33 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]