MTI Wireless Edge posts double-digit growth across the board
It grew first-half revenue 11% and net profit 28%, with all three divisions expanding as defence and water-security spending rose.
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It grew first-half revenue 11% and net profit 28%, with all three divisions expanding as defence and water-security spending rose.
tickstock newsroomThe AIM-listed communications and RF group secured multiple contract wins spanning defence, commercial antennas and irrigation, with deliveries running through the first quarter of 2027.
tickstock newsroom"We continue to see more opportunities in the defence market and demand for our range of defence related products," Moni Borovitz, MTI's CEO, said.
tickstock newsroom"Moving into Q2, we received a record level of defence related orders worth just over $9 million, the majority of which is expected to be fulfilled in the current year," Moni Borovitz, Chief Executive Officer, said.
tickstock newsroomMTI Wireless Edge’s antenna division has secured two military contracts totalling approximately US$1m, a repeat $0.7m order for delivery within five months and a second contract scheduled over two years.
tickstock newsroomMTI Wireless Edge’s antenna division has secured an order of approximately US$2m from an existing local defence customer, with deliveries scheduled across 2026 and 2027.
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