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MTI Wireless secures US$1mln military antenna contract with European customer

MTI's antenna division manager, Dov Feiner, said the firm had seen strong continued interest in its antenna portfolio

MTI Wireless Edge Limited - MTI Wireless secures US$1mln military antenna contract with European customer

MTI Wireless Edge Ltd (LON:MWE) has won a US$1mln contract to supply military antennas to an unnamed European customer over the next 15 months.

The general manager of the group’s antenna division, Dov Feiner, said the radio and communications firm continued to see “strong sales interest” in its portfolio of antenna products.

READ: MTI Wireless secures US$1mln order from Israeli customer

Feiner added that MTI was continuing to invest in the commercialisation of 5G backhaul solutions, which are expected to drive sales growth as mobile phone operators rolled out their own 5G networks globally.

Backhaul solutions are parts of a telecoms network, such as cell towers, that allow mobile phones to connect to the internet.

In early trading on Monday, MTI’s shares were 2.3% higher at 30.7p.

Quick facts: MTI Wireless Edge Limited

Price: 39.8 GBX

AIM:MWE
Market: AIM
Market Cap: £34.98 m
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