SOURCE: IEC Electronics

IEC Electronics

December 22, 2010 15:11 ET

IEC Electronics Announces $7.4 Million Award

NEWARK, NY--(Marketwire - December 22, 2010) - IEC Electronics Corp. (NYSE Amex: IEC) announces that it has received an additional order from one of its Military and Defense customers. This order is valued at more than $7.4 million, and deliveries will commence during the first quarter of IEC's fiscal 2012.

W. Barry Gilbert, Chairman of the Board and CEO, stated, "Our customer is a well known, top 10 defense contractor. We appreciate their continuing confidence in our attention to quality standards, evidenced by the placement of additional orders with us. This award, an important satellite communications modem used by the U.S. Department of Defense, entails initial manufacturing, as well as full life cycle support. With developments like this and the recent acquisition of Southern California Braiding, 2011 is shaping up to be a very exciting year for IEC."

About IEC Electronics
IEC Electronics Corporation is a premier provider of electronic manufacturing services ("EMS") to advanced technology companies primarily in the military and aerospace, medical, industrial and computing sectors. The Company specializes in the custom manufacture of high reliability, complex circuit cards, system level assemblies, a wide array of custom cable and wire harness assemblies, and precision sheet metal products. As a full service EMS provider, IEC is a world-class ISO 9001:2008, AS9100 and ISO13485 certified company. The AS9100 certification enables IEC to serve the military and commercial aerospace markets. The ISO13485 certification supports the quality requirements of medical device markets. The Company is also ITAR registered and NSA approved under the COMSEC standard. IEC Electronics is headquartered in Newark, NY (outside of Rochester) and also has operations in Victor, NY, Rochester, NY, Albuquerque, NM and Bell Gardens, CA. 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 2010 Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Susan E. Topel-Samek
    Vice President & CFO
    IEC Electronics Corp.
    (315)332-4308
    Email Contact

    John Nesbett or Jennifer Belodeau
    Institutional Marketing Services
    (203)972-9200
    Email Contact or Email Contact