Cray Wins $60M University of Stuttgart Contract
Seattle-based supercomputing company Cray (NASDAQ: CRAY) has inked a contract deal with the University of Stuttgart, to deliver two supercomputers to the University’s High Performance Computing Center Stuttgart (HLRS). The multi-year, multi-phase contract is worth an estimated $60 million. The first phase of the contract will take place in 2011, during which the Cray XE6 supercomputer will go into production at the university. The second supercomputer, the next-generation Cascade, will be delivered to the university in 2013. Cray says the Cascade is made possible, in part, by the company’s participation in the Defense Advance Research Project Agency’s (DARPA) High Productivity Computer Systems program earlier this year.