Pointerra (ASX:3DP) said it will participate in a $499 million US Army Geospatial Center contract, as part of the Leidos team, which is one of the eight contract teams selected for the GRIDS IV program, according to a Thursday Australian bourse filing.
The company said it has the opportunity to deploy its Pointerra3D to the program if the team is successful in bidding for the program's task orders.
The company's shares were up 11% in recent Thursday trade.
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