We are delighted to announce that several of our longstanding customers have confirmed larger contracts with us. Notably, the Department of Defense (DoD) has selected Machina Labs for a contract starting next year, with an estimated value of $73 million for a duration of 3.5 years. This relationship initially began 2.5 years ago with a $100,000 contract from the Air Force. We are pleased to observe similar patterns emerging with new customers such as Joby and Lockheed Martin, and we anticipate replicating this success with repeat DoD contracts within our commercial customer base over the next couple of years.
Machina Labs Q2 2023 Update – Part 3
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