SMTC Corp. (SMTX) Secures 5-Yr, $9M Contract from U.S. Navy
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SMTC Corporation (NASDAQ: SMTX) today announced that SMTC’s subsidiary MC Test Services, Inc. was recently awarded a $9 million, 5-year contract to support the U.S. Naval Undersea Warfare Center Division. SMTC expects to begin production, and provide full engineering, testing, and support for the MK48 MOD 6 Exercise Electronics System and Torpedo Swim Out Box beginning in the second quarter of 2019. This new application will be in full compliance with all domestic and foreign contract requirements.
“We are honored for the opportunity to support our United States Navy and our nation’s platforms and look forward to providing these systems with the highest level of quality and reliability for many years to come,” said Ed Smith, SMTC’s President and CEO. “The Navy’s selection of our Company reflects positively on our commitment to operational excellence and employing the latest in manufacturing technology to support defense and aerospace requirements,” Smith added.
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