Sypris Wins Follow-On Contract From US DOD Prime Contractor

by Shivani Kumaresan, Benzinga Staff Writer

February 8, 2022 1:53 PM | 1 min read | Make a Comment

Sypris Solutions Inc SYPR subsidiary Sypris Electronics LLC has received a follow-on award from a U.S. DOD prime contractor. The terms of the agreement were not disclosed.
The company needs to manufacture and test electronic power supply modules for a mission-critical, long-range, precision-guided anti-ship missile system.
The contract calls for an increase in production volume from existing levels beginning in 2022.
The program is designed to meet the needs of U.S. Navy and Air Force warfighters.
Price Action: SYPR shares are trading higher by 3.40% at $2.13 on the last check Tuesday.

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