IEC Electronics Corp. (IEC)

[Knowledge is King]

IEC lands another contract; $7.4M


(DOW JONES) DJN: PRESS RELEASE: IEC Electronics Announces $7.4 Million Award

NEWARK, NY -- (MARKETWIRE) -- 12/22/10 --
IEC Electronics Corp. (NYSE Amex: IEC) announces that it has received an
additional order from one of its Military and Defense customers. This order
is valued at more than $7.4 million, and deliveries will commence during the
first quarter of IEC's fiscal 2012.
W. Barry Gilbert, Chairman of the Board and CEO, stated, "Our customer is a
well known, top 10 defense contractor. We appreciate their continuing
confidence in our attention to quality standards, evidenced by the placement
of additional orders with us. This award, an important satellite
communications modem used by the U.S. Department of Defense, entails initial
manufacturing, as well as full life cycle support. With developments like
this and the recent acquisition of Southern California Braiding, 2011 is
shaping up to be a very exciting year for IEC."
About IEC Electronics IEC Electronics Corporation is a premier provider of
electronic manufacturing services ("EMS") to advanced technology companies
primarily in the military and aerospace, medical, industrial and computing
sectors. The Company specializes in the custom manufacture of high
reliability, complex circuit cards, system level assemblies, a wide array of
custom cable and wire harness assemblies, and precision sheet metal
products. As a full service EMS provider, IEC is a world-class ISO
9001:2008, AS9100 and ISO13485 certified company. The AS9100 certification
enables IEC to serve the military and commercial aerospace markets. The
ISO13485 certification supports the quality requirements of medical device
markets. The Company is also ITAR registered and NSA approved under the
COMSEC standard. IEC Electronics is headquartered in Newark, NY (outside of
Rochester) and also has operations in Victor, NY, Rochester, NY,
Albuquerque, NM and Bell Gardens, CA. Additional information about IEC can
be found on its web site at www.iec-electronics.com.
The foregoing, including any discussion regarding the Company's future
prospects, contains certain forward-looking statements that involve risks
and uncertainties, including uncertainties associated with economic
conditions in the electronics industry, particularly in the principal
industry sectors served by the Company, changes in customer requirements and
in the volume of sales to principal customers, competition and technological
change, the ability of the Company to control manufacturing and operating
costs, satisfactory relationships with vendors. The Company's actual results
of operations may differ significantly from those contemplated by any
forward-looking statements as a result of these and other factors, including
factors set forth in the Company's 2010 Annual Report on Form 10-K and in
other filings with the Securities and Exchange Commission.
Contact: Susan E. Topel-Samek Vice President & CFO IEC Electronics Corp.
[phone] [e-mail] John Nesbett or Jennifer Belodeau
Institutional Marketing Services [phone] [e-mail]
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