Mtron Awarded $3 Million Production Contract for a Major U.S. Defense Program
The contract includes highly engineered components engineered specifically for durability and reliability in mission-critical environments. The award represents a follow-on order for components that Mtron has successfully supplied to this program for over 20 years.
"This award reinforces Mtron's ability to design and produce in high volumes superior custom products that meet the rigorous needs of the defense industry. Repeat orders like this are a testament to Mtron's ability to deliver, and we're proud to support a program so vital to national and allied defense," said Cameron Pforr, Mtron CEO.
The air defense system supported by this contract plays a central role in the U.S. military's air defense architecture and is also deployed by numerous allied nations around the world. The system is anticipated to be in production past 2029.
Work under this contract will take place in Orlando, Florida through 2026.
About MtronM-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures, and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production, and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtron.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/mtron-awarded-3-million-production-contract-for-a-major-us-defense-program-302476901.html
SOURCE Mtron

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
14 minutes ago
- Business Wire
Cantor Equity Partners IV, Inc. Announces Pricing of $400 Million Initial Public Offering
NEW YORK--(BUSINESS WIRE)--Cantor Equity Partners IV, Inc. (Nasdaq: CEPF) (the 'Company') announced today the pricing of its initial public offering of 40,000,000 Class A ordinary shares at $10.00 per share. The shares are expected to be listed on the Nasdaq Global Market under the symbol 'CEPF' and begin trading on August 21, 2025. The underwriters have been granted a 45-day option to purchase up to an additional 6,000,000 shares offered by the Company to cover over-allotments, if any. The offering is expected to close on August 22, 2025, subject to customary closing conditions. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. About Cantor Equity Partners IV, Inc. Cantor Equity Partners IV, Inc. is a blank check company sponsored by Cantor Fitzgerald and led by Chairman and Chief Executive Officer Brandon Lutnick. Cantor Equity Partners IV, Inc. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, but the Company intends to focus on a target in an industry where it believes the Company's management teams' and affiliates' expertise will provide the Company with a competitive advantage, including the financial services, digital assets, healthcare, real estate services, technology and software industries. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the 'SEC') on August 20, 2025. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor New York, New York 10022; Email: prospectus@ Copies of the registration statement can be accessed through the SEC's website at This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the successful consummation of the Company's initial public offering and use of the net proceeds of the offering as described in the offering prospectus, are subject to risks and uncertainties including those set forth in the Risk Factors section of the Company's registration statement for the offering filed with the SEC, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Yahoo
38 minutes ago
- Yahoo
Wheels Up Announces Divestiture of Non-Core Services Businesses
Continued streamlining of business operations to further company's profitability goals ATLANTA, Aug. 20, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it has sold three non-core services businesses – Baines Simmons, Kenyon International Emergency Services and Redline Assured Security – to an unrelated third party for approximately $20 million in proceeds before transaction-related expenses. Wheels Up expects to reinvest the net proceeds from the sale to further its ongoing fleet modernization strategy and for general corporate purposes. "The divestiture of these non-core services businesses is the latest in a series of steps that Wheels Up has taken to sharpen our strategic focus; invest in our product, fleet and operations; and strengthen our balance sheet," said George Mattson, Chief Executive Officer. "The sale, along with our recently announced initiatives estimated to drive approximately $50 million of cost efficiencies, is expected to create meaningful tailwinds on our path to sustained, profitable growth." The sale of these non-core services businesses complements continued efforts to streamline Wheels Up's business, drive operational performance and execute on the company's fleet simplification and modernization strategy. About Wheels UpWheels Up is a leading provider of on-demand private aviation in the U.S. with a large, diverse fleet and a global network of safety-vetted charter operators, all committed to safety and service. Customers access charter and membership programs and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also provides cargo services to a range of clients, including individuals and government organizations. With the Wheels Up app and website, members can easily search, book, and fly. For more information, visit Cautionary Note Regarding Forward-Looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of Wheels Up Experience Inc. ("Wheels Up"). These forward-looking statements include, but are not limited to, statements regarding the potential impacts of Wheels Up's cost reduction, operational efficiency and productivity initiatives and the divestiture of non-core businesses described in this press release on its business, financial condition and results of operations, including timing and magnitude. The words "anticipate," "continue," "could," "expect," "plan," "potential," "should," "would," "pursue" and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Wheels Up's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2025 and Wheels Up's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Wheels Up does not intend to update any of these forward-looking statements after the date of this press release. Investors:ir@ Media:press@ View original content to download multimedia: SOURCE Wheels Up


Business Wire
an hour ago
- Business Wire
Pioneer High Income Fund, Inc. Announces Results of Special Meeting of Stockholders: Proposal to Liquidate and Dissolve the Fund is Approved
BOSTON--(BUSINESS WIRE)--Pioneer High Income Fund, Inc. (PHT) announced the results of its special meeting of stockholders originally held on July 17, 2025, adjourned until August 13, 2025, and further adjourned until August 20, 2025. At the fund's special meeting, stockholders approved the liquidation and dissolution of the fund pursuant to the Plan of Liquidation and Dissolution adopted by the Board of Directors of the fund. Pursuant to the Plan, the fund will liquidate its portfolio in preparation for one or more distributions of cash to the stockholders of the fund. Once the fund commences liquidating its portfolio, the fund may not pursue its stated investment objective, comply with its investment limitations or engage in normal business activities, except for the purposes of winding up its business and affairs, paying its liabilities and distributing its remaining assets to stockholders. The fund plans to direct the transfer agent to close the books on its shares at the close of business on September 25, 2025 (the 'Determination Date'). The proportionate interests of stockholders in the assets of the fund will be fixed on the basis of their respective holdings at the close of business on the Determination Date. The fund also expects that the last day of secondary market trading of the fund's shares also will be on or about the Determination Date. Accordingly, it is expected that prior to the opening of business on September 26, 2025, the fund will cease trading on the NYSE. The distribution to shareholders of liquidation proceeds will occur as soon as practicable following the Determination Date. The fund expects to make a primary distribution of liquidation proceeds to its stockholders on or about September 30, 2025. The proceeds of the liquidation of the fund will equal the fund's net asset value after the fund has paid or provided for all of its charges, taxes, expenses and liabilities, including certain costs associated with liquidating the fund. As necessary, the fund may make one or more liquidating distributions after it makes the primary liquidating distribution. Upon payment of the final liquidating distribution by the fund, all outstanding shares of the fund will be redeemed without the imposition of any redemption or other transaction fees. The liquidation will generally be a taxable event for stockholders that are subject to U.S. federal income tax. Any such stockholder that receives a distribution in a liquidation will generally realize a capital gain or loss in an amount equal to the difference between the total amount of the liquidation distribution(s) received and the stockholder's adjusted basis in the fund shares. Please consult your personal tax advisor with regard to the specific tax consequences of the liquidation. The fund expects that stockholders will be able to sell their fund shares in the secondary market until the market close on or about the Determination Date. The sale of fund shares in the secondary market will generally be a taxable event for stockholders that are subject to U.S. federal income tax. In addition, customary brokerage charges may apply to such transactions. The fund expects that, effective as of market close on or about the Determination Date, the fund's shares will no longer be actively traded in the secondary market, and there can be no assurance that there will, thereafter, be a market for the purchase or sale of the fund's shares. PHT is a closed-end investment company that trades on the New York Stock Exchange (NYSE). Investments involve risk including possible loss of principal, and an investment should be made with an understanding of the risks involved with owning a particular security or asset class. Interested parties are strongly encouraged to seek advice from qualified tax and financial experts regarding the best options for your particular circumstances. Victory Capital Services, Inc. Keep in mind, distribution rates are not guaranteed. A fund's distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund's investment performance based on a fund's current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Pioneer Investments' closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.