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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, 2026•about 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.