Tel-Instrument Electronics Announces Receipt of $2.8 M of CRAFT Delive
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Tuesday, July 22, 2014


Tel-Instrument Electronics Announces Receipt of $2.8 M of CRAFT Delivery Orders

Tel Instrument Electronics Corp. (“Tel” or “Company”) (NYSE MKT:TIK) announced today that it has received three initial delivery orders from the U.S. Navy totaling $2,839,100 for the CRAFT program.

These initial three delivery orders are for 49 AN/USM-708 and 44 AN/USM-719 Mode 5 IFF test sets and are associated with the $9.5 million five year indefinite-delivery/indefinite-quantity (“IDIQ”) contract announced yesterday. The IDIQ contract is in support of the U.S. Navy, U.S. Marine Corps, U.S. Army and various Foreign Military Sales customers under the Foreign Military Sales program.


Related Research on ASDReports.com:
The Global C2/C4ISR Market 2013-2023

Source : Tel Instrument Electronics Corp.

Published on ASDNews: Oct 25, 2013

 

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