Cyberlux Corporation (OTC: CYBL) Stock Gains After News Foreign Military Sales Contract

News about new contracts can lead to considerable attention for a stock, and following the announcement from Cyberlux Corporation (OTC: CYBL) last Friday, the company’s stock could be on the radars of investors today. Let’s take a closer look at the news.

New Contract

On November 1, Cyberlux Corporation announced that its DMC (Datron Military Communications) business unit had bagged a new FMS (Foreign Military Sales) contract worth $2.884 million for an important United States partner nation through USCENTCOM.

The company noted that the new contract represented a major milestone for DMC’s continued partnership with the United States Government and Partner Nation Forces. In the partnership, DMC had been involved in providing military communications systems throughout the world. The latest contract added further to the $12.78 million in new contracts that had been already bagged through USNORTHCOM, USCENTCOM, USAFRICOM, and USPACOM.

Another Possible Deal

However, that was not all. It was also announced by Cyberlux Corporation that its DMC business unit was also working on a new RFI (request for information) worth $8.793 million with the same USCENTCOM Partner Nation. In the news release, the company further notes that if it succeeded in delivering the contract pipeline successfully, it would make DMC’s position as a trusted partner to the United States Government and its partners far more solid. It remains to be seen if the stock delivers any gains today or not.

Management Comment

“We are proud to extend our legacy of excellence in foreign military sales with this significant incremental contract,” said Mark Schmidt, CEO of Cyberlux Corporation. “Datron’s proven track record and deep expertise in defense communications have made us a trusted partner for the U.S. government and allied nations for over 20 years. We look forward to continuing this tradition of support with cutting-edge solutions for our allies.”