Order placed through new multi-year Task Order under an existing $28 billion Department of Defense contract vehicle
New Test Range Market Segment Significantly Expands Company’s Total Addressable Market
(OTCQB: GIGA Giga-tronics Incorporated (the “Company”), a producer of functional test solutions for the RADAR/EW segment of the defense electronics market, today announced that it has received an order valued at $783,000 for the Company’s RADAR/Electronic Warfare Threat Emulation System (TEmS). The Company’s technology will play a critical role in the development, testing, and fielding of a new advanced weapon system program of record for the United States Air Force F-35 program. The order was placed through a new multi-year Task Order under a $28 billion Department of Defense (“DoD”) contract vehicle.
Lutz Henckels, Executive Vice President, Chief Financial Officer and Chief Operating Officer stated, “We are pleased to be a preferred supplier as part of the new $28B contract vehicle with the DoD. This is the first order made through this new program for our RADAR/Electronic Warfare Threat Emulation System (TEmS), and we look forward to establishing a more consistent cadence of contract award activity with the DoD. The range market segment is relatively new for Giga-tronics with the TEmS product being utilized for emulating legacy, current, and rapidly emerging Integrated Air Defense Systems on the test range for advanced weapon system development and testing, as well as pilot and aircrew training. TEmS is architected like a RADAR, with a programmable, digital front-end, and driven by sophisticated threat emulation software developed jointly with a prime contractor, providing a truly disruptive capability for range applications.“
About Giga-tronics Incorporated
Giga-tronics is a publicly held company, traded on the OTCQB Capital Market under the symbol “GIGA”. Giga-tronics produces RADAR filters and Microwave Integrated Components for use in military defense applications as well as sophisticated RADAR/Electronic Warfare test products primarily used in electronic warfare test and emulation applications.