SUMMERVILLE, S.C., Oct. 03, 2024 (GLOBE NEWSWIRE) -- The Naval Surface Technology & Innovation Consortium (NSTIC) announced it has awarded more than $2 billion of contract value, more than $1 billion in project funding, and 100 projects to date. This is the second set of major milestones reached under the NSTIC Other Transaction Agreement (OTA) this year, after reaching 1,000 members and exceeding $1 billion in ceiling value in January 2024.

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