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Monday, 06/28/2010 10:57:13 AM

Monday, June 28, 2010 10:57:13 AM

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CRAY files SEC form 8-K on 06/28/2010

http://knobias.10kwizard.com/filing.php?param=&ipage=7027302&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp=


"On June 22, 2010, we were notified by the Defense Advanced Research Projects Agency ("DARPA") that we had completed Milestone 7 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 all of the milestone amount will be credited against our research and development expenses in the second quarter of 2010 as part of this co-funding arrangement."


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