PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada Inc. has secured a $1 million contract for after-sales production from the US Navy, providing components for the USS Gerald R. Ford class aircraft carriers, with deliveries expected by March 2025. This deal underscores the company’s growing role in defense and signifies a promising increase in recurring revenue from after-sales support of their advanced plasma-based systems.
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