By Connor Hart
M-tron Industries received a more than $10 million order from a Defense Department contractor to support what the company called a major air-defense program.
The Orlando. Fla., company -- which engineers electronic components used to control the frequency and timing of signals in electronic circuits -- said Monday that work under the contract is expected to take place through mid-2026.
The order consists of several products, including rugged lumped-element radio frequency filters and precision clock oscillators, according to the company. These products will support an air-defense system of the U.S., as well as ones of numerous ally nations, anticipated to be in production past 2029.
Shares rise 10%, to $54.01, in after-hours trading.
The company said the contract highlights its ability to design and produce precision radio-frequency components. "We are proud to be part of this program and the security of our nation," Chief Executive Michael Ferrantino said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
January 06, 2025 17:35 ET (22:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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