M-tron Industries (MPTI) got a $10 million production contract from an undisclosed US Department of Defense contractor to back an air defense program.
Work under the contract will be in Orlando, Florida, through mid-2026, the company said Monday in a statement.
Shares of the company rose 8.4% in after-hours trading.
Price: 53.01, Change: +4.10, Percent Change: +8.38
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