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PYRNF - PyroGenesis receives $4.8M down payment for U.S. navy contract
PyroGenesis Canada
PyroGenesis Canada ([[PYRNF]] -1.0%) received the first payment of ~$4.8M under the previously announced $11.5M contract for PyroGenesis' waste destruction systems.The systems are expected to be built within the next 18 months, and are to be installed on the next Gerald R. Ford-class US aircraft carriers.The company expects to receive an additional $2.65M from Drosrite International over the next few weeks.