MTI Wireless Edge receives 'significant repeat order' from Israeli client.


Technology firm MTI Wireless Edge said on Wednesday that its antenna division has received "a significant repeat order" from a system house in Israel for the manufacture of military antennas.

MTI Wireless Edge

Source: Sharecast

MTI Wireless said the contract was worth a total of approximately $4.0m, which were expected to be delivered up until 30 June 2026.

Chief executive Moni Borovitz said: "We are thrilled with this repeat manufacturing order as it is one of the largest orders we have ever received and demonstrates our ability to deliver high-quality services and innovative solutions to meet our clients' needs. The order entails the supply of state-of-the-art antennas and is integral to an end use which is considered to be one of the most advanced systems of its kind in the world. The antennas are designed to deliver unmatched accuracy and robust communication, leveraging our sophisticated and complex production technology.

"This win and others like it, add to our growing reputation for providing highly innovative antenna solutions and we look forward to continuing to work closely with defence companies from around the world."

As of 1105 GMT, MTI Wireless shares had rallied 7.90% to 52.33p.

Reporting by Iain Gilbert at Sharecast.com


Exchange: London Stock Exchange
Sell:
41.00 p
Buy:
46.00 p
Change: 0.00 ( 0.00 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.