Senate Overrides Trump Veto, $676M Budget for IVAS is Now Law

Senate Overrides Trump Veto, $676M Budget for IVAS is Now Law

on January 01, 2021

https://www.usatoday.com/story/news/politics/2021/01/01/senate-overrides-donald-trumps-veto-ndaa/4093734001/

Senate Majority Leader Mitch McConnell urged fellow Republicans to vote in favor of overriding Trump earlier this week.

"For the brave men and women of the United States armed forces, failure is not an option. So when it is our turn in Congress to have their backs, failure is not an option here either," the Kentucky Republican said on the Senate floor. "I urge my colleagues to support this legislation one more time."

The NDAA, a $741 billion national security package, will raise troops' pay, direct the purchase of weapons and set military policies. It passed both the House and Senate with overwhelming support by both parties.

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The NDAA includes $676M for IVAS, including procurement of 29,000 units of IVAS in 2021 and $14M of research, development, test and evaluation funding.

You can evaluate the revenue impact to MVIS using this dynamic calculator in which you can model the units shipped by quarter as well as MVIS royalty rate:

https://docs.google.com/spreadsheets/d/1PcqGMnjAOpNwHl7YmejUd_T_8nmnW6dkA_Dd8W6aE9M/edit#gid=0

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