Mtron Awarded $5.5 Million Production Contract for Major U.S. Naval Weapon System
Rhea-AI Summary
M-tron Industries (NYSE American: MPTI) has secured a significant $5.5 million production contract from a major U.S. Department of Defense prime contractor. The contract involves manufacturing high-performance radio frequency components, including rugged crystal filters and lumped element filters, for a crucial weapons system.
The work will be performed at Mtron's Orlando, Florida facility through 2026, with the program expected to continue production until at least 2035. This contract builds upon Mtron's decade-long involvement in the program, highlighting their expertise in delivering specialized components for mission-critical defense applications.
Positive
- Secured significant $5.5 million defense contract
- Long-term program extending through 2035
- Demonstrates continued trust from Department of Defense contractors
- Builds on decade-long relationship with existing program
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MPTI declined 3.04%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The contract includes multiple high-performance radio frequency components, including rugged crystal filters and lumped element filters, engineered for durability and precision in mission-critical environments. This latest award builds on Mtron's long-standing support of the program, which has supplied specialized components for nearly a decade.
"Delivering custom, high-performance solutions at production scale is core to what we do," said Cameron Pforr, Mtron CEO. "This award demonstrates the trust our customers place in Mtron to meet the evolving and rigorous demands of the Department of Defense, serving our nation, as well as our allies."
Work under this contract will be performed at Mtron's manufacturing facility in
About Mtron
M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures, and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production, and subsequent product upgrades. Mtron has design and manufacturing facilities in
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SOURCE Mtron