Wireless Telecom Group Awarded $1.5M Contract From The United States Navy
Wireless Telecom Group, Inc. (NYSE Amex: WTT) announced today that its wholly-owned subsidiary, Boonton Electronics, has been awarded a contract with the Department of the United States Navy to supply Boonton’s 4500B RF Peak Power Meter in support of a Naval Sea Systems Command project. The total value of the contract is approximately $1.5M and a considerable portion of the order is expected to be realized over the next two years.
Boonton’s 4500B RF Peak Power Meter will be utilized by the Department of Defense (“DOD”) Naval Sea Systems Office personnel in shipboard and shore-based laboratories and by other DOD personnel to calibrate Radio Detecting and Ranging (RADAR) test sets, Tactical Navigation (TACAN) test sets, identification, Friend or Foe (IFF) test sets, and Commercial-Off-The-Shelf (COTS) equipment such as RF and microwave signal generators.
Paul Genova, Chief Executive Officer said, “We are proud to be a key supplier of the United States Department of the Navy and to support their efforts to maintain and develop state of the art communication systems. We continue to receive significant interest in our products, particularly in the areas of government and military defense spending, and remain focused on capitalizing and expanding all opportunities.”
Wireless Telecom Group designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Its complementary suite of high performance instruments and components includes peak power meters, signal analyzers, power splitters, combiners, diplexers, noise modules, precision noise and generators. The Company serves both commercial and government markets with workflow-oriented, WiFi, WiMAX, satellite, cable, radar, avionics, medical, and computing applications. Wireless Telecom Group is headquartered in Parsippany, New Jersey, in the New York City metropolitan area, and maintains a global network of Sales and Service offices for excellent product service and support.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV