IEC Electronics Inks Defense Contract Worth Over $50M

Estimated reading time: 1 minute

IEC Electronics Corp. recently has been awarded a multi-year contract, valued at more than $50 million, from a Tier 2 Department of Defense Contractor.

This award expands IEC's participation with a program it has supported for several years from a single service line to now supporting the entire outsourcing of a program associated with secured communications equipment for U.S. aircraft, ground vehicles and surface warships. 

"This contract win is an exciting development for IEC because we believe it demonstrates this leading defense contractor’s continued confidence in our capabilities and dependability as a full service electronics manufacturer for life-saving, mission critical programs. We have deliberately focused on enhancing our technical capabilites to position IEC as a distinguished, vertically integrated manufacturing partner who has the ability to serve as a seamless extension of our customers’ supply chain, including the ability to fulfill their entire life-cycle outsourcing needs. We believe the award of this contract for this innovative military communications product is validation of our ability to meet and exceed our customer’s expectations," said Jeffrey T. Schlarbaum, president and CEO of IEC Electronics. "We're energized by the opportunities we’re seeing in the marketplace both in terms of expanding our work with existing customers and winning new customers and believe we remain on track to drive continued growth and profitability as we move through the balance of 2019 and beyond."