IEC Wins Contract Valued at More Than $50 Million From Top Global Defense Company
IEC Electronics Corp. (IEC)
NASDAQ:AMEX Investor Relations:
iec-electronics.com/investors/overview
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Source: GlobeNewswire
NEWARK, N.Y., May 15, 2019 (GLOBE NEWSWIRE) -- IEC Electronics Corp. (NYSE American: IEC) today announced that it has been awarded a multi-year contract, valued at more than $50 million, from a Tier 2 Department of Defense Contractor. This award expands IEC’s participation with a program it has supported for several years from a single service line to now supporting the entire outsourcing of a program associated with secured communications equipment for U.S. aircraft, ground vehicles and surface warships. Jeffrey T. Schlarbaum, President and CEO of IEC Electronics commented, “This contract win is an exciting development for IEC because we believe it demonstrates this leading defense contractor’s continued confidence in our capabilities and dependability as a full service electronics manufacturer for life-saving, mission critical programs. We have deliberately focused on enhancing our technical capabilities to position IEC as a distinguished, vertically integrated manufacturing
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