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TAMPA - Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (NASDAQ:SYPR), has received a follow-on contract to manufacture and test electronic power supply modules for a classified missile program, according to a company press release. The company’s stock, currently trading at $2.17, has shown strong momentum with a 34% gain over the past six months.
The modules will be integrated into the avionics suite of what the company describes as a "mission-critical" missile system. Production is scheduled to begin in 2026, though financial terms of the agreement were not disclosed.
"This program win underscores our growing presence and commitment to the advanced missile avionics market," said Mike Sedgwick, Vice President & General Manager of Sypris Electronics, in the statement.
Sypris Electronics specializes in engineering and manufacturing services for complex electronic solutions across defense, space, deep sea communications, and industrial markets. The company has positioned itself as a provider of electronics for high-cost-of-failure applications, with over 50 years of experience in the field.
The contract represents continued business with what Sypris describes as a "strategic partner" that develops commercial and military electronic technologies.
The announcement comes as defense contractors continue to secure work on missile systems amid ongoing global conflicts and military modernization efforts.
Sypris Solutions trades on the Nasdaq Global Market under the ticker SYPR.
In other recent news, Sypris Electronics, a subsidiary of Sypris Solutions, has been awarded follow-on contracts from a global provider of subsea cable systems. The contracts involve manufacturing and testing electronic power supply modules, optical processing units, and branching units for subsea communication networks. Production under these agreements has already commenced and is expected to continue through 2026. Additionally, Sypris Technologies, another subsidiary of Sypris Solutions, has entered into a long-term agreement to supply drivetrain components for a new electric heavy-duty vehicle. This contract designates Sypris as the exclusive North American supplier for these parts. Initial deliveries for this agreement are anticipated to start in 2026. These developments mark significant strategic moves for Sypris Solutions in both the subsea communications and electric vehicle sectors.
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