API Technologies Receives $1.3 Million Order for Integrated Microwave Assemblies
01.01.70
/PRNewswire/ -- API Technologies Corp. (NASDAQ: ATNY) ("API" or the "Company"), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced that it has received a new order, valued at $1.3 million, for an Integrated Microwave Assembly (IMA) to be used in Navy ships, submarines and shore stations. The new system is designed to provide naval commanders and sailors with greater data throughput capacity and improved protection against enemy intercepts. API's RF Solutions division was awarded the order by a Fortune 500 defense contractor.
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"There will continue to be an increased need for super components, like IMAs, as the industry looks towards further integration of components and subsystems, " said Bel Lazar, API Technologies' President and Chief Operating Officer. "By integrating multiple microwave components into one assembly, this new custom IMA offers advanced technology capabilities that will help keep our sailors safe at sea."
Source: Sacramento Bee
Entered Ichimoku Cloud - ARX, AVY, BAB, BAC/WT/A, BCR
01.01.70
Aeroflex Holding Corp. (NYSE: ARX) surged 0.86%, to close at $9.34 and its overall traded volume was 158,887.00 shares during the last session with the total traded volume of 236,267.00 shares. ARX opened at $9.36 and is trading within the range of $9.31-$9.53. The stock has a 52 week low of $7.19 and 52 week high of $20.36. ARX’s market capitalization is $791.93M and it has 84.79M outstanding shares.
Aeroflex Holding Corp. (Aeroflex Holding), formerly AX Holding Corp., is a provider of radio frequency (RF) and microwave integrated circuits, components and systems used in the design, development and maintenance of wireless communication systems. The Company’s solutions include microelectronic components and test and measurement equipment used by companies in the space, avionics, defense, commercial wireless communications, medical and other markets. Its products include a range of RF, microwave and millimeter wave microelectronic components, integrated
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