The company said in a regulatory filing that it received a customer order valued at $2.373 million from Datron World Communications, a privately owned California-based company that provides HF and VHF military voice and data radio products, for its military-grade DSP 9000 radio encryption equipment. Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!
According to Technical Communications' website, the DSP 9000 encrypts communications over HF/UHF/VHF channels and are available for air, land and sea applications.
Technical Communications' stock values the company at just $5.41 million and an average of 46,496 shares trade hand during a typical trading session. By late Wednesday morning more than two million shares traded hands in reaction to the company's announcement of a contract win.
At last check, Technical Communications was up 36.19 percent at $3.20.
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