MTI Wireless Edge wins $1.6 million in defence antenna contracts

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MTI Wireless Edge Ltd on Monday said its antenna division has secured contracts worth around $1.6 million for the supply of military antennas to three existing customers.

The Rosh Haayin, Israel-based technology company which manufactures antennas for military and commercial use said the deals, which will be fulfilled over the next 20 months, include orders from one domestic and two international defence companies. MTI did not name the customers.

Chief Executive Officer Moni Borovitz said the contracts cover a range of technologies including airborne antennas, anti-jamming GPS antennas, and advanced beam-forming systems used in drone management.

‘These orders highlight the scope of our technology and capabilities,’ Borovitz said.

Shares in MTI Wireless were up 6.0% at 47.70 pence in London on Monday afternoon.

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