Seeking Alpha

Giga-tronics +114.9% on new filter contract

  • 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.
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