Giga-tronics +114.9% on new filter contract

|About: Giga-tronics Incorporated (GIGA)|By:, SA News Editor

Giga-tronics (GIGA) has "completed a sole-source multi-year agreement with a major aerospace company to develop a variant of its high performance fast tuning YIG filters for a third aircraft platform."

The company has received $6.9M worth of orders for related engineering services and the delivery of prototype hardware. A $10M multi-year order for production units is expected later this year.

The microcap currently sports a $13.5M valuation.