IEC Bags Multi-Year Defense Contract Worth Over $45M
- Electronic manufacturing services provider IEC Electronics Corp (NASDAQ: 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.
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Posted-In: Briefs Department of DefenseNews Contracts Tech
