Peoria-based Start-up Lands Military Battery Contract
PEORIA, Ill. - A Peoria company founded less than three years ago has landed a $2.5 million contract to develop its new generation of lighter, more powerful batteries for the U.S. military, officials said Tuesday.
Firefly Energy Inc. officials say the deal could ultimately put the fledgling company in line for supply contracts that amount to about $35 million a year for Army vehicle batteries alone.
"There's a big market. They're going through batteries ... in Iraq like crazy," said Mil Ovan, Firefly's senior vice president and co-founder.
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