SOURCE: IEC Electronics

IEC Electronics

August 31, 2010 09:00 ET

IEC Electronics Announces $5.1 Million Award

NEWARK, NY--(Marketwire - August 31, 2010) -  IEC Electronics Corp. (NYSE Amex: IEC) announced that it has received an order valued at more than $5.1 million from one of its Military and Defense customers. Deliveries will commence April 1, 2011 during IEC's fiscal third quarter and will be completed by March, 2012.

W. Barry Gilbert, Chairman and CEO, stated, "We are pleased to have received this order from one of General Technology Corporation's (GTC) customers. This is an exclusive program for the helicopter missile launch platform which is ultimately being used by the U.S. Department of Defense. We view this order to be a testament to the excellent relationship GTC has with its customer, with this particular customer being one of the top five military and defense contractors. IEC acquired GTC from Crane Corporation in late December 2009, and continues to extend the company's breadth of manufacturing of complicated electronic assemblies that need to be 'Absolutely Perfect and On Time℠.'" 

About IEC Electronics
IEC Electronics Corporation provides contract electronic manufacturing services to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company's ultra high reliability capabilities include: design, prototype and volume circuit board assembly, material procurement and control, manufacturing and test engineering support, systems build, final packaging and distribution. As a full service EMS provider, IEC is AS9100, ISO-9001:2000, and ISO-13485 registered, and an NSA approved supplier under the COMSEC standard. The Company is headquartered outside of Rochester, New York and also has operations in Victor, New York and Albuquerque, New Mexico. Additional information about IEC can be found on its web site at www.iec-electronics.com.

The foregoing, including any discussion regarding the Company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the Company, changes in customer requirements and in the volume of sales to principal customers, competition and technological change, the ability of the Company to control manufacturing and operating costs, satisfactory relationships with vendors. The Company's actual results of operations may differ significantly from those contemplated by any forward-looking statements as a result of these and other factors, including factors set forth in the Company's 2009 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Heather Keenan
    IEC Electronics Corp.
    (315) 332-4262
    Email Contact

    John Nesbett/Jennifer Belodeau
    Institutional Marketing Services
    (203) 972-9200
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