Cognyte Software (CGNT) said Wednesday it has signed a framework deal worth more than $20 million with a new customer, the Ministry of Defense of a NATO member nation.
One agency has already placed orders of more than $10 million under the deal, which carries an option to increase its value by up to 50%, the company said.
Other units across the ministry can order on the same terms, it added.
Shares of the company were up about 4% in Wednesday trading.
Price: 9.18, Change: +0.37, Percent Change: +4.14
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