Tel-Instrument Electronics Corp. Announces Full Rate Production Release on TS-4530A SETS
Wed August 5, 2015 1:19 PM|Business Wire
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)-- Tel-Instrument Electronics Corp (TIK) (Tel, Tel-Instrument or the Company) (NYSE MKT: TIK) today reported that it has received the Full Rate Production Release for the TS-4530A SETS from the U.S. Army.
Jeff OHara, Tels President and CEO, noted, Receiving the Full Rate Production Release on the TS-4530A SETS represents an important milestone for the Company. It is expected that volume deliveries of TS-4530A SETS will commence late in the third fiscal quarter which ends December 31, 2015. We currently have a backlog of 688 TS-4530A SETS with a contract value of approximately $7.8 million, and we are also actively marketing this test set to both domestic and foreign markets.
