1. MPTI secures a $20 million contract with a top DOD contractor. 2. The contract duration is extended from 12 months to 2 years. 3. MPTI plays a crucial role in U.S. and allied defense systems. 4. Production will continue through mid-2028, supporting long-term growth. 5. MPTI emphasizes high-performance solutions for demanding defense applications.
MPTI's contract with DOD signals strong demand and financial stability, resembling past growth patterns in similar defense contracts.
The significant contract represents a strong revenue stream, vital for MPTI's growth.
The extended contract supports sustained revenue past 2028, enhancing long-term financial outlook, akin to previous multi-year defense agreements.
M-tron Industries, Inc. (NYSE American: MPTI), a prominent leader in high-performance radio frequency ("RF") components, has announced a significant order valued at approximately $20 million. This contract has been awarded by a top-tier U.S. Department of Defense prime contractor to support a pivotal air defense program. With a contract duration of two years, this move marks an extension of previous orders, which were typically limited to one year.
The multi-million dollar contract will enable Mtron to provide several vital products, including robust lumped element RF filters and precision clock oscillators. Notably, this air defense program is integral to both U.S. national security and that of several allied nations, with production anticipated to continue beyond 2030.
This contract serves as a testament to Mtron's ongoing leadership in the production of precision RF components designed to perform under extreme conditions. Mtron's solutions are currently supplied across various defense applications, including:
Cameron Pforr, the Chief Executive Officer of Mtron, emphasized the importance of delivering high-performance solutions at scale. He stated, "Delivering custom, high-performance solutions at production scale is core to what we do. 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."
As part of the contract execution, all work will be conducted in Orlando, Florida, with operations scheduled through mid-2028. This strategic move underlines Mtron's commitment to supporting essential defense capabilities while also enhancing its operational presence in the region.
M-tron Industries, Inc. (NYSE American: MPTI) specializes in the design, manufacturing, and marketing of highly engineered, high-reliability frequency and spectrum control products. With a strong emphasis on engineering, Mtron provides end-to-end support to customers throughout the product lifecycle, covering product design, prototyping, production, and subsequent upgrades.
Headquartered in Orlando, Florida, Mtron maintains additional design and manufacturing facilities in Yankton, South Dakota, along with a sales office in Hong Kong and a production site in Noida, India. For more detailed information, visit www.mtron.com.