Micronetics, Inc. (Micronetics) said that its subsidiary, Microwave Concepts, Inc. (Micro-Con) has received over $8 million firm fixed contract from a defense contractor. The contract is for microwave assemblies that are used in a high performance jamming system. The contract finalization has started with advanced funding received by the company in June 2008. Hardware deliveries to this contract have started in the third quarter of fiscal 2009 and will continue for 18 months.
Demand for this jamming system has been strong and the additional system add-ons are anticipated over the next 6 months.
David Robbins, chief executive officer of Micronetics, said, We are pleased to support a large important program like this and believe it validates the close and transparent relationship with our customer.
Tony Pospishil, general manager of Micro-Con, added, We continue to focus on integrating various broadband microwave technologies to support high performance jamming systems and electronic systems modernization efforts. We are proud to be a part of the enabling technology in this advanced jamming system.