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IEC Bags $3.7M Guided Missile firing system components Contract
July 7, 2016 | IEC Electronics Corp.Estimated reading time: Less than a minute
IEC Electronics Corp. has received a $3.7 million contract from a strategic aerospace & defense customer to manufacture guided missile firing system components that are utilized by a top US Government prime contractor. The one-year contract value represents a greater than 50% increase in size over the Company’s 2015 contract award with this customer.
"IEC has partnered with this customer for two years, and we are pleased to have the opportunity to grow our involvement. Reinvigorating our existing customer relationships has been a key initiative this past year and this contract illustrates the results of our focused efforts," Jeffrey T. Schlarbaum, president and CEO of IEC Electronics, commented. "This program, which will be fulfilled at our Albuquerque facility, leverages IEC’s vertically integrated manufacturing services including our advanced test engineering and specialized processes for mission critical applications."
Suggested Items
Creation, IEC Electronics Announce Extension of Tender Offer
09/24/2021 | Globe NewswireIEC Electronics Corp. and Creation Technologies Inc. jointly announced that CTI Acquisition Corp., an entity controlled by Creation, had extended the offering period of the previously commenced cash tender offer by Merger Sub to purchase all of the issued and outstanding shares of common stock of IEC.
IEC Electronics Names New CFO
09/12/2018 | IEC Electronics Corp.IEC Electronics Corp. has appointed Thomas L. Barbato as Senior Vice President, Finance and Chief Financial Officer. He will report directly to Jeffrey T. Schlarbaum, president and chief executive officer of IEC Electronics.
It’s Time to Retire ROSE Testing
06/27/2018 | Joe Russeau, Precision Analytical Laboratory, and Mark Northrup, IEC ElectronicsOver the last two to three years, there has been considerable discussion within various IPC committees about the role of the ROSE test in today's assembly environment. The transition from predominantly water wash processes to "no clean" has meant the advent of very different flux compositions. The question has been posed as to whether the ROSE test is still a viable option for evaluating PCB and PCBA cleanliness.
IEC Electronics Posts 49% Growth in Q2 FY2018 Revenues
05/30/2018 | IEC Electronics Corp.IEC Electronics Corp. has reported revenues of $31.8 million for the fiscal 2018 second quarter ended March 30, 2018, an increase of 49% as compared to revenues of $21.4 million for the second quarter of fiscal 2017.
Top 10 Most-Read SMT Articles of 2017
12/29/2017 | I-Connect007Every year, we like to take a look back at the most popular SMT news and articles. These are the top 10 most-read SMT articles from the past year.