Further Defence Contract Win
MTI Wireless Edge Limited announced a significant defence contract win for its antenna division, securing an order worth approximately US$2 million for military antennas from an existing customer, with deliveries expected in 2026 and 2027. This follows a strong start to April, with the company having secured approximately US$8 million in defence-related orders, indicating a positive step-up in demand for its defence products and a healthy overall pipeline across its divisions.
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 its antenna division has received an order totaling approximately US$2m to supply military antennas for a local defence company. The order, from an existing customer, is expected to be delivered during 2026 and 2027.
MTI's CEO, Moni Borovitz, commented:
"In the first two weeks of April, we have secured a series of significant defence-related orders with a combined value of approximately US$8m. This strong level of order intake is encouraging and reflects our internal forecasts of a step-up in demand for our range of defence related products. Overall, the business is very well positioned with a healthy pipeline of potential orders across all three divisions."
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.