Shares of Defense Provider Up on Contract Win

Shares of Defense Provider Up on Contract Win

Shares of Defense Provider Up on Contract Win By: Tomas Ronolski - AllPennyStocks.com News

Monday, October 9, 2023

This company designs, engineers and manufactures sophisticated multi-purpose electronics solutions for the defense, aerospace, and medical industries, serving Fortune 50 companies, militaries and top-tier defense contractors and just announced a new contract. Giga-tronics, Inc. dba Gresham Worldwide (OTCQB: GIGA), a provider of purpose-built electronic technology solutions for defense and other mission-critical applications, announced in a press release today that its subsidiary, Enertec Systems 2001 Ltd., was chosen to supply bespoke systems to a major strategic customer under a contract with a total value of $20 million. 

Located in Israel, Enertec is a leading provider of innovative test, simulation, calibration, operational, control and monitoring systems that support and enable defense, aerospace and health care applications for over 30 years.

Shares were trading at $0.3339 in morning trade.


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