MTI Wireless Edge receives order from biggest defence client

2nd Sep 2024 08:17

(Sharecast News) - Communications firm MTI Wireless Edge said on Monday that its MTI Summit subsidiary has received a new order from its biggest customer in the defence sector.

MTI Wireless stated it has received an order totalling approximately €2.6m for the delivery of radio frequency components, expected to be fulfilled by the end of 2025.

Chief executive Moni Borovitz said: "This order is the result of the success of our design wins in recent years. It includes several components that were designed by our team as part of a customer's solution and we are now seeing the benefit from this customer's success in the international market."

As of 1135 BST, MTI Wireless shares were up 1.88% at 40.75p.

Reporting by Iain Gilbert at Sharecast.com

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