IEC Bags Multi-Year Defense Contract Worth Over $45M

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  • Electronic manufacturing services provider IEC Electronics Corp IEC has won a multi-year contract valued at over $45 million from a Tier 2 Department of Defense contractor. 
  • The award is a follow-on order. 
  • In 2019 IEC won the entire outsourcing of a program associated with secured communications equipment for U.S. aircraft, ground vehicles, and surface warships. 
  • Price action: IEC shares traded higher by 6.65% at $10.91 on the last check Wednesday.
Posted In: NewsContractsTechBriefsDepartment of Defense
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