Two Defence Contracts
MTI Wireless Edge Ltd has announced two new defence contracts for its antenna division, totaling approximately US$1 million. One order, valued at around US$0.7 million, comes from an existing European defence client for delivery within five months, while the other is from a local defence company with a two-year delivery timeline. This follows a strong April for the company, which has secured defence-related orders exceeding US$9 million.
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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 two orders, totaling approximately US$1m, to supply military antennas. One of the orders, totaling approximately US$0.7m, is from an existing client, a European defence company, for delivery within five months and the other is from a local defence company for delivery within two years.
MTI's CEO, Moni Borovitz, commented:
"April is continuing to be a strong month for us having secured a series of significant defence-related orders with a combined value of just above US$9m. This increased level of order intake is encouraging and we continue to see opportunities for securing further orders primarily for our range of defence related products but also from across the entire business."
Antenna division
Water Control & Management division
Distribution & Professional Consulting Services division
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