MTI Wireless Edge wins USD2 million contract from existing customer

(Alliance News) - MTI Wireless Edge Ltd on Monday said it has won a USD2.0 million contract with an unnamed local defence company to supply military antennas.

The order, placed by an existing customer, is expected to be delivered during 2026 and 2027.

The Rosh-Ha'Ayin, Israel-based communication and radio frequency solution provider announced last Tuesday multiple contract wins totalling USD6 million.

MTI Wireless Edge Chief Executive Officer Moni Borovitz said: "This strong level of order intake is encouraging and reflects our internal forecasts of a step-up in demand for our range of defence related products. Overall, the business is very well positioned with a healthy pipeline of potential orders across all three divisions."

Shares in MTI were up 11% at 68.62 pence on Monday afternoon in London.

By Joseph Rodgers, Alliance News reporter

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