GlobalFoundries awarded new $3.1B, 10-Year contract
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GlobalFoundries (NASDAQ:GFS) said on Thursday it has been awarded a new $3.1B, 10-year contract by the U.S. department of defense for the supply of U.S.-made semiconductors.
The contract has an initial award of $17.3M for the month of September.
The new contract gives the U.S. department of defense and its contractors the access to the company's semiconductor technologies manufactured at its U.S. facilities.

The company added the new contract is the third sequential 10-year contract of its kind between the U.S. department of defense and the firm.


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