BUZZ-M-tron rises on $12 million aircraft component contract

Reuters
02 Apr
BUZZ-M-tron rises on $12 million aircraft component contract

** Shares of communication devices maker M-tron Industries MPTI.A rise 3.4% to $48

** Co says it has been awarded a $12 million production contract from a major supplier to Boeing BA.N and Airbus AIR.PA

** Contract is for over 45 different electronic components, including filters and oscillators, to be used in aircraft

** Contract will support the production of Boeing and Airbus aircraft until at least 2030

** Co will produce the components at facilities in the U.S. and India, with work continuing until mid-2028

** As of last close, stock up 5.3% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10