MTI Wireless Edge shares jump as Antenna arm wins "significant" order

(Alliance News) - MTI Wireless Edge Ltd on Wednesday said its Antenna division has won a ...

Alliance News 12 February, 2025 | 9:51AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - MTI Wireless Edge Ltd on Wednesday said its Antenna division has won a "significant" repeat order from an unnamed system house in Israel.

The Israel-based communication and radio frequency technology company said the order was for the manufacturing of military antennas, and was worth around USD4.0 million in total.

Shares in MTI Wireless Edge were up 8.3% to 52.50 pence each in London on Wednesday morning.

It expects to be delivering the antennas until June 30, 2026.

"We are thrilled with this repeat manufacturing order as it is one of the largest orders we have ever received and demonstrates our ability to deliver high-quality services and innovative solutions to meet our clients' needs," said Chief Executive Officer Moni Borovitz.

"The order entails the supply of state-of-the-art antennas and is integral to an end use which is considered to be one of the most advanced systems of its kind in the world. The antennas are designed to deliver unmatched accuracy and robust communication, leveraging our sophisticated and complex production technology.

"This win, and others like it, add to our growing reputation for providing highly innovate antenna solutions and we look forward to continuing to work closely with defence companies from around the world."

MTI Wireless Edge is due to release its 2024 results on March 17.

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
MTI Wireless Edge Ltd 52.50 GBX 8.25 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures