Multiple contract wins worth c. US$6m
MTI Wireless Edge Ltd has announced multiple contract wins totaling approximately US$6 million, primarily within the defence sector, representing over 10% of its FY25 annual revenues. Key orders include a US$2.2 million contract for communications infrastructure for the Israeli Ministry of Defence, a US$1.9 million contract for military antennas to an international defence company, a US$0.5 million contract for military antennas from a local defence company, and additional orders of approximately US$1.3 million for components. These orders are expected to be delivered between 2026 and 2027, significantly enhancing the Group's order book for FY26 and FY27.
Select text to share a quote on X · sign in to keep highlights & notes in your MWE notes
MTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, is pleased to announce that the Group has received multiple orders totaling approximately US$6m.
The main orders include: i) a US$2.2m contract for PSK to supply communications infrastructure to the Israeli Ministry of Defence; ii) a US$1.9m contract to supply military antennas to an international defence company; iii) a US$0.5m contract for military antennas from a local defence company; and iv) additional orders totaling approximately US$1.3m for MTI Summit to supply components primarily to a defence company. These orders are expected to be delivered during 2026 and 2027.
MTI's CEO, Moni Borovitz, commented:
"I'm extremely proud of our sales and marketing teams for securing these orders under the current challenging conditions. Importantly, every order is from an existing customer reflecting the confidence they have in our solutions and ability to deliver. Overall, the volume of orders significantly enhances our order book for FY 26 and FY 27 and supports our ability to continue to grow our business."
Antenna division
Water Control & Management division
Distribution & Professional Consulting Services division
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.