Tel-Instrument Electronics Corp (NYSE:TIK) rose Friday after the company disclosed a $615,000 international order for the T-47/M5 Mode 5 test set.
The company, out of East Rutherford, New Jersey, reported the order for the T-47/M5 Mode 5 test set from a major military customer in the Asia-Pacific region. This order will be shipped in the third quarter of its next fiscal year.
CEO Jeff O’Hara said, "We are pleased to report the receipt of a $615,000 follow-on order from the Asia-Pacific region for our T-47/M5 integrated dual crypto Mode 5 test set. This brings the cumulative T-47/M5 orders from this customer to over $1 million. This customer had been waiting for AIMS certification before releasing this follow-on order.
"The T-47/M5 Mode 5 test set has been sold to eight different countries thus far, and we believe this test set will be the test set of choice for many international customers due to its dual crypto capability, and ability to perform detailed Mode 5 platform integration testing."
Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets. Tel-Instrument provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment.
Shares in TIK climbed 60 cents, or 19.9%, to $3.62
