MTI Wireless Edge wins $0.75m defence order

Communications and radiofrequency technology specialist MTI Wireless Edge announced a new order worth $0.75m on Tuesday.

The AIM-traded firm said its antenna division had received an order worth approximately $0.75m from an unnamed client, for a defence application.

“We are very happy with this order, from a returning international customer, for the production of previously developed antennas which are expected to be delivered in 2023,” said antenna division general manager Dov Feiner.

At 1459 GMT, shares in MTI Wireless Edge were up 1.85% at 55p.

Reporting by Josh White for Sharecast.com.