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MTI Wireless secures $2m military antenna contract
(Sharecast News) - Radio frequency solutions firm MTI Wireless Edge said on Monday that its antenna division has received an order totaling approximately $2m to supply military antennas for a local defence company. MTI Wireless stated the order, which was from an existing customer, was expected to be delivered during 2026 and 2027.
Chief executive Moni Borovitz said: "In the first two weeks of April, we have secured a series of significant defence-related orders with a combined value of approximately US$8m. This strong level of order intake is encouraging and reflects our internal forecasts of a step-up in demand for our range of defence related products."
Borovitz also highlighted that the Israel-based firm was "very well positioned", with a "healthy pipeline of potential orders" across all three divisions.
As of 1100 BST, MTI Wireless shares were up 9.48% at 67.44p.
Reporting by Iain Gilbert at Sharecast.com
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