14 August 2017 – new contract
The group has announced that it has won a contract worth £4.8m to supply specialist high frequency transmit and receive modules for a defence related aerospace application with a major European defence equipment manufacturer. The contract is for three years and there is a provision for additional volumes should the customer secure further follow-on project wins with its end customers. This is clearly further good news for the company as it looks to diversify its customer base and we retain our recommendation of BUY.