Why API Technologies (ATNY) Stock Is Climbing Today

NEW YORK (TheStreet) -- API Technologies (ATNY) shares are up 5.3% to $2.79 on Thursday after the company announced that it received an order to supply the U.S. Defense Department with high power amplifier systems as part of its maritime requirement.

This is the initial order for in a multi-million dollar agreement between the radio frequency subsystem manufacturer and the DOD. First production delivery is set for 2015.

Must ReadWarren Buffett's 25 Favorite Stocks

ATNY Chart

ATNY data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Stocks Rise Sharply, Facebook Ignites a Nasdaq Rally

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Visa Is a Technology Company That Masquerades as a Financial Company

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: Chipotle Shares Are Probably Done Going Down

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer: This Is a Sad Time for Southwest Airlines

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations

Jim Cramer Just Spoke to Larry Kudlow About the China Trade Negotiations