MTI Wireless Edge receives 'significant repeat order' from Israeli client
By Iain Gilbert
Date: Wednesday 12 Feb 2025
(Sharecast News) - Technology firm MTI Wireless Edge said on Wednesday that its antenna division has received "a significant repeat order" from a system house in Israel for the manufacture of military antennas.
MTI Wireless said the contract was worth a total of approximately $4.0m, which were expected to be delivered up until 30 June 2026.
Chief executive Moni Borovitz said: "We are thrilled with this repeat manufacturing order as it is one of the largest orders we have ever received and demonstrates our ability to deliver high-quality services and innovative solutions to meet our clients' needs. The order entails the supply of state-of-the-art antennas and is integral to an end use which is considered to be one of the most advanced systems of its kind in the world. The antennas are designed to deliver unmatched accuracy and robust communication, leveraging our sophisticated and complex production technology.
"This win and others like it, add to our growing reputation for providing highly innovative antenna solutions and we look forward to continuing to work closely with defence companies from around the world."
As of 1105 GMT, MTI Wireless shares had rallied 7.90% to 52.33p.
Reporting by Iain Gilbert at Sharecast.com
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