M-tron Industries Secures $5.5M Production Contract for US Naval Weapon System

M-tron Industries Inc. (NYSE:MPTI) is one of the best new tech stocks with huge upside potential. On June 23, M-tron Industries announced that it had been awarded a $5.5 million production contract, which comes from a top US Department of Defense prime contractor and is in support of a major US naval weapon system.

The contract includes multiple high-performance RF components, which include rugged crystal filters and lumped element filters. These components are engineered for exceptional durability and precision. The latest award showcases Mtron’s position as a long-standing supplier for this particular program for nearly a decade.

Work under the contract will be performed at Mtron’s manufacturing facility located in Orlando, Florida, and is expected to continue through 2026. The broader naval weapon system program itself is projected to remain in production until at least 2035.

M-tron Industries Inc. (NYSE:MPTI) designs, manufactures, and markets frequency and spectrum control products for various applications in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.