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API Technologies Receives $2.4 M to Provide Engineered Solutions for Major Defense Program

API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today it has received a $2.4 million order to provide the manufacture and test of a shipboard defensive subsystem capable of tracking and targeting multiple low horizon threats that will support a major national defense program.

“API continues to partner with leading defense providers in our quest to improve and secure both American and allied forces around the world,” said Bel Lazar, President and Chief Operating Officer of API Technologies.

No additional information is available due to the secure nature of this program.

Source : API Technologies Corp.

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Published on ASDNews: Jul 12, 2012