Coda Octopus Group Announces Increase in Scope of Supply Under Key Defense Program, Resulting in Increased Order Value
CODA reported that in September 2023, its subsidiary, Coda Octopus Colmek, Inc (which forms part of its engineering services business), received orders for approximately $1m for the production of proprietary sub-assemblies and support relating to one of its longstanding Defense Programs.
- CODA reported that in September 2023, its subsidiary, Coda Octopus Colmek, Inc (which forms part of its engineering services business), received orders for approximately $1m for the production of proprietary sub-assemblies and support relating to one of its longstanding Defense Programs.
- Kevin Kane, Coda Octopus Colmek’s CEO, said: “We have a strong record of performance on these longstanding programs – some of which extend over 40 years.
- I am very pleased that we have broadened our scope of supply under this Program, resulting in increased purchase orders in fiscal 2023.
- Additionally, due to ongoing industry-wide supply chain and obsolescence issues, we see increased opportunities to grow our scope under this and our other longstanding programs.