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Army

iRobot FCS Contract Work Tops $60 Million

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By Ann Roosevelt iRobot Corp. [IRBT] Future Combat Systems (FCS) contract is now valued at about $63 million with the April 21 announcement of a $6 million agreement on the acceleration of the Small Unmanned Ground Vehicle (SUGV) with the FCS Lead Systems Integrator (LSI) Boeing [BA] and SAIC [SAI] . SUGV is a tactical reconnaissance robot designed to help soldiers gather intelligence in dangerous or inaccessible areas. Modeled after the combat-proven iRobot PackBot, SUGV has multiple video sensors for…

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