Irvine Sensors Corp. won government contracts worth up to $10.9 million, the Costa Mesa company said Monday.
The contracts include government research and development contracts, along with additional work tied to existing contracts. Irvine Sensors makes stacked chip assemblies, miniature cameras and night-vision goggles, among other gear.
The company said about $1.7 million of the new contracts are optional.
Irvine Sensors posted sales of $4.2 million for the quarter ended Jan. 2, up 22% versus a year earlier. It said the new contracts pushed bookings to $15.6 million for the current year that began last fall.
“These latest awards, when added to our existing backlog, strengthen our belief that we are headed toward a second consecutive record year in terms of research and development contract revenue,” said Robert Richards, chief executive of Irvine Sensors.
Richards said the contracts could help the company develop its more advanced gear into different products in the next few years.
Irvine Sensors was up 2 cents Monday to close at $2.24.
