
Thursday, March 13, 2008
Micronetics unit wins $1.2M satellite deal
Micronetics Inc. reports its subsidiary Mica Microwave Inc. has landed a $1.2 million order from an unnamed aerospace integrator.
Under the order, Mica will supply a combination of microwave mixers, isolators and limiters for use on a space satellite application. The order is expected to ship over a one-year period.
Micronetics (Nasdaq: NOIZ), a Hudson, N.H., is a manufacturer of microwave and radio frequency components used in defense, aerospace and commercial applications.
In December 2007, another Micronetics subsidiary, Microwave Concepts Inc., landed a $1 million deal with an unnamed defense integrator to provide a microwave assembly to be used in an airborne electronic warfare system.
Micronetics reported a 2007 net income of $1 million on revenue of $23.7 million.
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