Micronetics, Inc. (NASDAQ:NOIZ) announced today that it has received a follow-on order for microwave subsystems from a leading antenna manufacturer valued at approximately $1 million. These subsystems will be integrated into airline-class executive and VIP jet aircraft to enable in-flight DBS (Direct Broadcast Satellite) live TV. This order is expected to ship over the next six months, starting in the second quarter of the current fiscal year. David Robbins, President & CEO of Micronetics, stated, "This follow-on order, along with the order we recently announced, is evidence of our growing strength in the airborne live TV market." Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Micronetics serves a diverse customer base, including Aerosat, Airspan, BAE Systems, Boeing, EADS, General Dynamics, Harris, IPWireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix and Thales. Additional information can be found on our website at http://www.micronetics.com. Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to reductions in spending by certain of our customers, our ability to operate and integrate acquired companies, our ability to manage our growth, disruptions in supply or production, increased levels of debt, our ability to protect our proprietary information, future economic conditions in our industry and generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 2006.
Micronetics (NASDAQ:NOIZ)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Micronetics Charts.
Micronetics (NASDAQ:NOIZ)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Micronetics Charts.