This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,912.29 +122.10 0.73%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,791.1520 +42.7910 0.90%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs