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OFFON

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/26 01:00:01 pm
329.68 USD   -2.44%
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Microsoft : U.S. Army pushes back date on Microsoft goggles, affirms commitment to deal

10/14/2021 | 01:28pm EST

Oct 14 (Reuters) - The United States Army on Thursday said it was pushing back the date when it plans to field augmented reality glasses from Microsoft Corp, but that it remains "fully committed" to the contract with the tech firm worth up to $21.9 billion.

The Army said it expects the first units to be equipped with the glasses, called the Integrated Visual Augmentation System (IVAS), by September 2022. Army officials had previously said that they intended to "rapidly field the capability" in the Army's fiscal year 2021, which ended on Sept. 30.

Microsoft did not immediately respond to a request for comment.

Defense industry publication Janes earlier this week reported that the Army planned to halt the program. But on Thursday, the Army said it had conducted some testing of the system last month and that it "plans to execute testing regularly throughout" its fiscal 2022.

The Pentagon's inspector general initiated https://media.defense.gov/2021/Oct/13/2002872906/-1/-1/1/D2022-D000AU-0013.000.PDF an audit of the IVAS system on Oct. 4 "to determine whether Army officials are producing and fielding Integrated Visual Augmentation System units that meet capability requirements and user needs," it said.

The system integrates multiple technologies like night and thermal vision as well as augmented reality from sensors to provide a heads-up display that allows the soldier to fight, rehearse, and train.

The Army said that this improves situational awareness, target engagement, and the informed decision-making necessary in a fight. (Reporting by Stephen Nellis in San Francisco; Editing by Jan Harvey)


ę Reuters 2021
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Financials (USD)
Sales 2022 196 B - -
Net income 2022 71 157 M - -
Net cash 2022 83 357 M - -
P/E ratio 2022 34,7x
Yield 2022 0,74%
Capitalization 2 475 B 2 475 B -
EV / Sales 2022 12,2x
EV / Sales 2023 10,6x
Nbr of Employees 181 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 41
Last Close Price 329,68 $
Average target price 364,81 $
Spread / Average Target 10,7%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Matthias Troyer Distinguished Scientist
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