The new contract stipulates that $1.41 million in SkyKnight software licenses will instead be purchased by Czech-based Progress TRW S.R.O. It also increased Meta Bureau’s original autonomy license purchase from $1.38 million to $2.40 million. As a result, Swarmer is expected to recognize an additional $1.02 million in revenue.
The total contract is valued at $3.87 million, of which $2.47 million is from Meta Bureau and $1.41 million is from Progress TRW. Collectively, the updated deal is now worth $14.20 million if all options were to be exercised by both Meta Bureau and Progress TRW, a potential increase of $1.02 million from last month’s original contract award.
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