Tonix Pharmaceuticals stock halted ahead of FDA approval news
TEMPE, Ariz. - Benchmark Electronics, Inc. (NYSE:BHE), a $1.38 billion market cap technology solutions provider with annual revenues of $2.59 billion, has completed the delivery of 24 Mobile Vehicle Surveillance Systems with Radar (MVSS-R) to U.S. Customs and Border Protection (CBP) and the Federal Aviation Administration (FAA), according to a company press release. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.36 and operates with moderate debt levels.
The systems integrate artificial intelligence-powered sensor fusion and radar technology for situational awareness in border security operations. The MVSS-R platform coordinates radar, AI-based video analytics, and electro-optical/infrared sensor systems. While the company’s gross profit margin stands at 10.14%, InvestingPro analysis reveals 8 additional key metrics and insights available to subscribers, helping investors better understand the company’s technological capabilities and market position.
Benchmark Secure Technology, the company’s aerospace and defense solutions team, developed the surveillance systems in collaboration with CBP leadership and field agents. The company managed the entire product lifecycle from concept to final assembly.
All units were designed and assembled in the United States. Benchmark maintains ITAR-registered manufacturing facilities across North America, with over half of its manufacturing capacity located in the region.
The surveillance systems incorporate technology from partners including SRC, Inc., PureTech Systems, and Advanced EO Systems. While initially developed for CBP, the company stated the system could potentially serve other U.S. government agencies and is available through GSA Advantage.
Jeff Benck, president and CEO of Benchmark, said the company continues to expand its expertise with critical technologies such as AI, radar, and advanced sensors for mission-critical security applications.
The company is also reportedly working with CBP to enable autonomous surveillance operations with the MVSS-R platform.
In other recent news, Benchmark Electronics Inc. reported its financial results for the second quarter of 2025, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.55, slightly above the forecasted $0.54. Revenue also surpassed predictions, reaching $642 million compared to the anticipated $639 million. These financial results highlight Benchmark Electronics’ strategic focus on the AI and semiconductor sectors as key areas for growth. Despite the positive earnings and revenue results, the company’s stock experienced a decline. Analysts have noted these sectors as pivotal to the company’s future performance. These developments reflect Benchmark Electronics’ ongoing efforts to strengthen its market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.