CPS Technologies Pockets SBIR Contract For Lightweight UH-60 Flooring Development

CPS Technologies Corporation (NASDAQ:CPSH) has secured a Phase I Small Business Innovative Research (SBIR) contract from the U.S. Army.
Phase I of this contract is for $250,000 and will be conducted over six months.
Under the contract, CPSH will develop lightweight, reconfigurable UH-60 flooring. CPSH will develop a structural armor floor system for the UH-60 fleet that reduces aircraft weight while maximizing mission configuration flexibility.
The SBIR program allows small businesses to compete their solutions with best-in-class companies and institutions.
Price Action: CPSH shares are trading lower by 0.68% at $2.89 on the last check Tuesday.