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Navy/USMC

MTC, Marine Corps Cancel Tier II UAS Concept Demonstrator

DDN

Tuesday, January 22nd, 2008

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MTC Technologies [MTCT] will return $683,000 in performance-based payments and pay $474,000 in program costs to the Marine Corps after entering into a cancellation agreement relating to the company's Tier II Unmanned Aircraft System (UAS) concept demonstration program, the company said recently. "Marine Corps Systems Command and MTC Technologies cancelled their contract for a Tier II UAS Concept Demonstrator on 10 January 2008 based on an agreement made 18 December 2007. The terms of the agreement [are] confidential and proprietary…

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