Why xG Technology (XGTI) Stock Is Up Today

NEW YORK (TheStreet) -- xG Technology (XGTI) was gaining 8.1% to $2.41 Monday after CACI (CACI) awarded the company with a subcontract with a ceiling value of $497 million.

As part of the subcontract xG Technology will provide communications and network services on CACI's contract with the U.S. Army's Communications-Electronics Research, Development and Engineering Center Space and Terrestrial Communications Directorate. The multiple-award indefinite delivery/indefinite quantity prime contract will last for up to five years.

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XGTI ChartXGTI data by YCharts

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