Sypris Wins Multi-Year Contract for Defense Dept. Work with Northrop Grumman
15 Août 2019 - 9:43PM
Dow Jones News
By Michael Tobin
Sypris Electronics LLC, a subsidiary of Sypris Solutions Inc.
(SYPR), said Wednesday it received a multi-year contract award from
aerospace company Northrop Grumman Corp. to manufacture electronic
assemblies for a large Defense Department program.
The outsourcing services company didn't disclose the terms of
the deal.
"This was another important win for Sypris in the DoD sector of
our business," said Jim Long, vice president of Sypris Electronics,
in prepared remarks. "This is a very significant government program
for our country and one we have been involved in with Northrop
Grumman for many years.
Sypris said the award includes the production and testing of
electronic assemblies made for communication and navigation.
Shares of Sypris rose 29% Thursday afternoon.
Write to Michael Tobin at michael.tobin@wsj.com
(END) Dow Jones Newswires
August 15, 2019 15:28 ET (19:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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