- Sypris Solutions Inc (NASDAQ:SYPR) subsidiary Sypris Electronics LLC has received a follow-on multimillion-dollar contract award from a U.S. global defense contractor for its electronic system modules.
- The terms of the agreement were not disclosed. Production is expected to begin in 2022.
- Sypris will manufacture advanced integrated electronic warfare and communications avionics system modules for an American family of single-seat, single-engine, all-weather stealth multirole combat aircraft.
- Sypris cited news sources that the U.S. plans to purchase versions of the aircraft through 2044, and the aircraft is projected to operate until 2070.
- Price Action: SYPR shares are trading higher by 1.85% at $2.20 on the last check Monday.
