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Giga-tronics +64% on $4.9M aircraft filter order

Published 10/05/2017, 06:38 PM
Updated 10/05/2017, 06:38 PM
© Reuters.  Giga-tronics +64% on $4.9M aircraft filter order
  • Giga-tronics (NASDAQ:GIGA) +64.3% after-hours on news of an additional $4.9M order extending ongoing production of its high performance RADAR filters used in fighter jet aircraft for a "major aerospace company."
  • GIGA expects to begin initial shipments of the new order during FQ4 and complete the bulk of the new order shipments over the succeeding 9 -12 months.
  • GIGA also offers guidance on its 2018 Q2, which ended on Sept. 30, seeing net sales of $2M-$2.2M, vs. $2M in FQ1 and $4.4M in the year-ago quarter.
  • Now read: Technology - Top Gainers / Losers as of 2:55 pm


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