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Microsoft Wins Huge Pentagon Contract for AR Headsets
Microsoft secured a deal for augmented reality headsets that could be valued at nearly $22 billion over 10 years.
by TOM BEMIS
Microsoft (MSFT) - Get Report won a huge Pentagon contract for augmented reality headsets that could be worth nearly $22 billion over the next 10 years.
Microsoft will make 120,000 of the headsets, which are based on its HoloLens technology, CNBC and Reuters reported.
The contract comes as Microsoft's win of a $10 billion deal to provide cloud services to the military remains in dispute. The award of the so-call Jedi contract came during the Trump administration in a win over Amazon.com's (AMZN) - Get Report AWS cloud services.
The headsets will be used to provide increased situational awareness for military personnel by using holograms overlying the actual visual environment, CNBC reported.
Maps, compasses and thermal images can be displayed using the devices, as well as aiming points for weapons carried by the personnel, according to the report.
Microsoft is reportedly in talks to acquire Discord, a gamer communications platform, for $10 billion.
Source: The Street, Inc.
https://www.thestreet.com/investing/mic ... R+Headsets
