Mti Wireless Share News (MWE)

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68.00 2.00 (2.99%)

Bid:

67.00

Ask:

69.00

Spread: 2.00 (2.985%)

Market Cap: £59.48m

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IN BRIEF: MTI Wireless hails contract wins worth total USD6 million

Tue, 07th Apr 2026 10:43

MTI Wireless Edge Ltd - Rosh-Ha'Ayin, Israel-based communication and radio frequency solution provider - Announces it received multiple orders totalling about USD6 million. One of the orders is a USD2.2 million contract for PSK to supply communications infrastructure to the Israeli Ministry of Defence, while another contract is for USD1.9 million to supply antennas to an international defence company. The orders are expected to be delivered during 2026 and 2027. The orders are worth over 10% of the company's 2025 revenue of USD51.5 million, which had been up 13% from USD45.6 million in 2024.

Chief Executive Officer Moni Borovitz said: "I'm extremely proud of our sales and marketing teams for securing these orders under the current challenging conditions. Importantly, every order is from an existing customer reflecting the confidence they have in our solutions and ability to deliver. Overall, the volume of orders significantly enhances our order book for FY26 and FY27 and supports our ability to continue to grow our business."

Current stock price: 60.60 pence each, up 8.2% on Tuesday morning in London

12-month change: up 32%

By Tom Budszus, Alliance News slot editor

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