Newsletter Subscription


Wednesday, March 1, 2017


Tel-Instrument Electronics Announces Receipt of an Additional $1.24 M of CRAFT Delivery Orders

Tel-Instrument Electronics Corp. (“Tel” or “Company”) (NYSE MKT:TIK) announced today that it has received three additional delivery orders from the U.S. Navy totaling $1,244,385 for the CRAFT program.

These new orders are for 36 AN/USM-708 and 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 last week. With the three delivery orders announced last week, the U.S. Navy has placed orders for 129 CRAFT test sets at a total value of $4,083,485. This 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:
Military Aerostats Market Report 2016-2026

Source : Tel-Instrument Electronics Corp.

Published on ASDNews: Oct 30, 2013

 

MilSatCom Asia-Pacific Conference

May 15 - 16, 2017 - Singapore, Singapore

Register More info


US Export Controls on Non-US Transactions Seminar

Mar 20 - 23, 2017 - Singapore, Singapore

Register More info


Submarine Operations and Submersibles 2017 Conference

Apr 25 - 27, 2017 - London, United Kingdom

Register More info


© 2004-2017 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk