Cray Inc. (cray)

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CRAY INC issues 8-K filed on 10/25/2010

http://knobias.10kwizard.com/filing.php?param=&ipage=7202250&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp=

"Item 8.01 Other Events

On October 18, 2010, we were notified by the Defense Advanced Research Projects Agency (“DARPA”) that we had completed Milestone 8 under our DARPA Phase III High Productivity Computing Systems program agreement. The milestone was for $12,000,000 and, based on our level of spending for DARPA-related work, we expect that a significant majority, if not all, of the milestone amount will be credited against our research and development expenses in the fourth quarter of 2010 as part of this co-funding arrangement.

Additional information regarding our agreement with DARPA, as amended, can be found in our report on Form 8-K filed with the Securities and Exchange Commission on February 16, 2010."

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