Boston, MA 06/18/2014 (wallstreetpr) – Giga-tronics Inc. (NASDAQ:GIGA) proclaimed that it has received a massive order from the U.S. Navy worth $2.4 million regarding its Model 8003 Precision Scalar Analyzer. The order has been made by the Naval Air Warfare Center based in Pawtuxet River, MD and the company looks forward to dispatch the same over the next half year.
Giga-tronics Inc. (NASDAQ:GIGA) look forward for its new order as this would eventually influence company’s profitability, development of products, further growth, shareholder value and the shipments. On the other hand the results may be at variance as per the expectations of the company due to cancellations, potential orders, performance and many more other factors. In this case the chance of rejection is higher as the order has been place by the most secured entity of the country and they would be the most concerned about the quality and security of the product.
U.S. Navy And The Analyzer
The Giga-tronics Inc. (NASDAQ:GIGA) Model 8003 Precision Scalar Analyzer has the capability to make measurements quite fast as compared to other analyzers. Not only this, the device is designed in such a manner where it can take measurements as accurate as it can with linearity of a power meter that too just in a single mechanism. Well being a part of the U.S. Navy, these are the essential parameters to be equipped with, whether even it’s an apparatus.
John Regazzi, President and CEO of Giga-tronics Inc. (NASDAQ:GIGA), commented that they are quite delighted with the new order and being selected as their supplier of this vital paraphernalia for their metrology labs. He added that they would show their commitment in supporting the U.S. Navy by providing them the most accurate device calibration they could ever.
Giga-tronics Skyrocketed
The business gained a handful of 67.8% to $4.11 after the company declared the massive order of $2.4 million from the U.S. Navy regarding the equipment.
