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New Military Contract Spells $3.7M for IEC |
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Written by Mike Buetow
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Wednesday, 09 July 2008 |
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NEWARK, NY – EMS firm IEC Electronics Corp. received a $3.7 million order from one of its military and defense customers. Shipments will run from the September quarter through April 2009.
In a statement, chairman W. Barry Gilbert said, “We have a good relationship with this customer. IEC is the exclusive supplier of these products, thus enabling the customer to avoid the uncertainty that can be associated with a new supplier and in turn, allowing us to leverage the experience we have gained from previously building these complex electronics assemblies.”
IEC stressed the latest order is unrelated to a $4.7 million award announced in April, which was for a different program.
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