Aeroflex announces contracts worth over $20M
Test & Measurement
Aeroflex Holding Corp., a leading global provider of high performance microelectronic components, and test and measurement equipment, announced the signing of two contracts in its Aeroflex Microelectronic Solutions business for over $20 million of high-performance, high-reliability mixed-signal semiconductors.
These key contracts demonstrate Aeroflex’s ability to leverage its unique intellectual property into market adjacencies. These awards are for a high-end industrial application and for a next generation medical diagnostics company. “I am extremely pleased with our Aeroflex HiRel team’s performance and success in leveraging our IP to help continue to grow and drive our business into new markets,” said John Buyko, Aeroflex’s executive vice president and president of Aeroflex Microelectronic Solutions. “These contracts are a testament to the value of our IP and our world class engineering team. We will continue to leverage our mixed-signal, high-performance analog technology to grow our product portfolio and expand our addressable markets.”
Aeroflex anticipates beginning to deliver on these contracts during the fourth quarter of fiscal 2014 and expect to complete shipments over the subsequent 24 months.