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Geospace Technologies secures a $10.8 million contract with the U.S. Navy through its subsidiary Quantum Technology Sciences.

Sep 17, 2026about 2 hours ago

Contract Type

contract

HoustonManufacturingEnergyOil And Gas

Description

Geospace Technologies announced the award of a $10.8 million contract to its subsidiary Quantum Technology Sciences by the U.S. Navy. This contract is a significant operational highlight amidst the company's recent financial challenges and declining revenues in other segments.

Company Information

Company

Geospace Technologies

Location

Houston, Texas, United States

About

Geospace principally designs and manufactures seismic instruments and equipment. We market our seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. We also market our seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. We design and manufacture other products of a non-seismic nature, including water meter products, imaging equipment, offshore cables, remote shutoff water valves and Internet of Things (IoT) platform and provide contract manufacturing services.

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