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Industry News / Transmission-Line Components

Micronetics Receives Orders Exceeding $4 M

July 1, 2010
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Micronetics Inc. announced that its New Jersey based subsidiary, Microwave Concepts (Micro-Con), has received orders valued at over $4 M from a major defense OEM for highly integrated microwave subassemblies. These subassemblies are used as part of a high performance airborne jamming system. The anticipated period of performance on this program is approximately 24 months.

“This additional production order reinforces our significant backlog that is providing us with a strong base. This fuels our current development programs, which are expected to result in future production orders for more highly integrated, microwave subsystems,” said David Robbins, CEO of Micronetics. “This follow-on contract at our microwave subsystems division, Micro-Con, is significant for several reasons. First, the platforms that these subsystems enable are important strategically because they support current military assets. These platforms are expected to be in service for many years and will require ongoing support. Second, this contract is a repeat order from an existing customer which validates Micro-Con’s track record of successfully converting engineering prototypes into production hardware. Micronetics’ record $30 M backlog consists of over 70 percent subsystems, which suggests long-term organic growth for the future.”

Tony Pospishil, General Manager of Micro-Con, added, “This additional production order reinforces our significant backlog that is providing us with a strong base. This fuels our current development programs, which are expected to result in future production orders for more highly integrated, microwave subsystems.”


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