Tel-Instrument Electronics Announces Receipt of an Additional $1.24 M
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Monday, Sept 22, 2014


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:
The Global C2/C4ISR Market 2013-2023

Source : Tel-Instrument Electronics Corp.

Published on ASDNews: Oct 30, 2013

 

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