VANCOUVER – Northstar Electronics announced second-quarter revenues were $472,828, up almost 27% year-over-year. The company incurred a loss of $201,043 for the quarter, down almost 6% from the same period last year.

First-half revenues were $660,360, down 33% year-over-year. The company incurred a net loss of $408,497, up 17%.

In the first half, Northstar won two contracts from Lockheed Martin: The first award, from Lockheed Martin Aeronautics, is worth $6.3 million. Under it, Northstar is manufacturing parts for the refurbishment of P-3 Maritime Surveillance airplanes. Under the second contract, from Lockheed Martin Canada, Northstar is designing and building prototypes of a sonar system.

Northstar provides EMS services and develops various security and defense OEM products.