DUBLIN, Calif. - Giga-tronics has received an additional $4.46 million order extending ongoing production of its high performance radar filters for a major aerospace customer. The company will begin to recognize revenue from portions of this order beginning in the December 2018 quarter with the bulk of the revenue being recognized in fiscal year 2020 beginning April 1, 2019.
John Regazzi, Giga-tronics CEO stated, "Over the last five years, Giga-tronics has shipped more than $32M of high performance radar filters in support of the US Government's Radar Modernization Program connected with the upgrade of fourth generation fighter jets. We are pleased to be the provider of these high performance radar filters and we look forward to continue supporting our prime contractor with this Sole Source Award."
Giga-tronics is a publicly held company, traded on the OTCQB Capital Market under the symbol "GIGA". Giga-tronics produces YIG (Yttrium, Iron, Garnet) tuned oscillators, radar filters, and microwave synthesizers for use in military defense applications as well as sophisticated test and measurement equipment primarily used in electronic warfare test & emulation applications.
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