Kopin Corporation shares fall 3.35% premarket after receiving contract increase for U.S. Army's Next-Generation Short-Range Interceptor (NGSRI) Visual Display Subsystem (VDS).

Kopin Corporation fell 3.35% in premarket trading. The company announced it has received a contract update for development Phase 2 of the Next-Generation Short-Range Interceptor (NGSRI) Visual Display Subsystem (VDS) from Lockheed Martin. This update funds the build and test of the new high-resolution VDS assembly that includes Kopin's proprietary organic light emitting diode (OLED) microdisplay, drive electronics, and optical designs for integration into the Command Launch Assembly (CLA).