M-tron Industries Receives $10M Defense Department Contract

Dow Jones

Jan 07, 2025

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)

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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. \n\n\n  The order consists of several products, including rugged lumped-element radio frequency filters and precision clock oscillators, according to the company. 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