US firm IEC Electronics wins defence company contract

17 May 2019 (Last Updated May 17th, 2019 10:37)

US-based company IEC Electronics has secured a contract valued at more than $50m from a global defence company.

US-based company IEC Electronics has secured a contract valued at more than $50m from a global defence company.

The latest multi-year contract from a Tier 2 Department of Defense Contractor expands the company’s participation with a programme supported by it for several years from a single service line.

IEC will now support the complete outsourcing of the programme associated with secured communications equipment for US aircraft, ground vehicles and surface warships.

IEC Electronics president and CEO Jeffrey Schlarbaum said: “This contract win is an exciting development for IEC because we believe it demonstrates this leading defence contractor’s continued confidence in our capabilities and dependability as a full-service electronics manufacturer for life-saving, mission-critical programmes.

“We have deliberately focused on enhancing our technical capabilities to position IEC as a distinguished, vertically integrated manufacturing partner who has the ability to serve as a seamless extension of our customers’ supply chain, including the ability to fulfil their entire lifecycle outsourcing needs.

“We believe the award of this contract for this innovative military communications product is validation of our ability to meet and exceed our customer’s expectations.”

IEC provides on-site analytical testing laboratories, custom design and test engineering services and delivers technical solutions for the custom manufacture of complex full system assemblies.

The company is a full-service electronic manufacturing services (EMS) provider and also has operations in Rochester, New York, and Albuquerque, New Mexico, in the US.

For the second quarter of fiscal year 2019, IEC reported revenues of $37.3m, which represented a rise of 17.4% compared to $31.8m for the second quarter of fiscal year 2018.