Micronetics (NOIZ) Awarded $3.9 Million Contract from DoD Prime Contractor
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Micronetics, Inc. (NASDAQ: NOIZ) has been awarded a production contract release, valued at approximately $3.9 million, from a leading U.S. Department of Defense (DoD) prime contractor for the supply of high performance broadband microwave subsystems. Each subsystem, which consists of several Integrated Microwave Assemblies (IMA), fulfills the need to sustain and upgrade aircraft critical self protection capability on airborne platforms currently in use globally.
This award represents the first production release, equivalent to approximately 10% of the expected total program’s production and delivery requirements, for the supply of high reliability subsystems. We expect the total period of performance for this program will span between 4 to 8 years. Hardware deliveries under this award are targeted for completion over a 12-month time period beginning in the first quarter of Micronetics' FY2013.
This award represents the first production release, equivalent to approximately 10% of the expected total program’s production and delivery requirements, for the supply of high reliability subsystems. We expect the total period of performance for this program will span between 4 to 8 years. Hardware deliveries under this award are targeted for completion over a 12-month time period beginning in the first quarter of Micronetics' FY2013.
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