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xG Technology +9.4% on CACI subcontract

Jul. 28, 2014 9:58 AM ETxG Technology, Inc. (XGTI-OLD) StockBy: Eric Jhonsa, SA News Editor
  • xG Technology (XGTI) has been awarded a subcontract by CACI to provide services in support of a 5-year CACI contract with the U.S. Army's CERDEC Space and Terrestrial Communications Directorate (S&TCD).
  • The contract is worth up to $497M. In June, xG won a subcontract with SAIC related to the deal.
  • xG says it will leverage its "cutting-edge expertise in cognitive radio technologies to help improve the effectiveness of tactical communications." The company has been working to commercialize its xMax line of cognitive radio-based hardware.

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