14th Jun 2016 07:47
LONDON (Alliance News) - Flat panel antennas maker MTI Wireless Edge Ltd on Tuesday said it has won a new contract from a European customer to develop and manufacture antennas for a military application.
The client on the contract was not named but the deal is worth around USD1.8 million over the next 26 months, MTI said.
"We are delighted with this order win which shows again our advanced technology and development capabilities. We believe that this order from a new customer will be a first step in long term relationship with the customer," said Dov Feiner, MTI Wireless's chief executive.
MTI shares were up 3.2% to 20.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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