MTI Wireless Edge has secured a new contract from a new customer for the development and manufacturing of an antenna solution for a military application.
The contract is worth approximately US$0.7 million and is expected to be delivered over the next 24 months.
Chief executive Dov Feiner said: "We are delighted with this order win, which is the second new significant antenna contract in three months, which again demonstrates our advanced technology and development capabilities. We believe that these two orders from two new customers will be the first steps in long-term relationships with them."
At 1:13pm: (LON:MWE) MTI Wireless Edge Ltd share price was +1.25p at 22.75p