The Boeing CompanyOdysight.ai received its first purchase order from Boeing, indicating potential future business for Boeing's predictive maintenance solutions.
Odysight.ai reported financial results for the first half of 2026 and provided a business update, highlighting a backlog of $16.45 million as of the release date, up from $14.1 million as of June 30, 2026. The company received its first purchase order from Boeing to showcase its AI-powered predictive maintenance solution at two Boeing sites, marking the start of a direct OEM relationship with potential for broader integration across Boeing's rotorcraft and defense portfolio. Additional purchase orders were received from Elbit Systems on behalf of the Israeli Ministry of Defense and from Honeywell Aerospace APU Division for a proof-of-concept collaboration. Revenues for the first half of 2026 were $0.5 million, compared to approximately $2.4 million in the same period of 2025, with the decrease primarily attributable to $1.86 million in first quarter 2025 revenues from a Fortune 500 medical company customer. Net loss was approximately $9.5 million, compared to approximately $8.3 million in the prior year period, and the company ended the half with approximately $17.6 million in cash and no debt.
The Boeing CompanyOdysight.ai received its first purchase order from Boeing, indicating potential future business for Boeing's predictive maintenance solutions.
Honeywell Aerospace APU Division placed a purchase order for a proof-of-concept collaboration with Odysight.ai, indicating potential future business.
Elbit Systems Ltd
Odysight.ai Inc. Common StockCompany reports increased backlog and new purchase orders from Boeing, Elbit Systems, and Honeywell, indicating growing demand for its products.
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