TT electronics wins battle for US army deal
There have been more gains for TT electronics today as the sensor and electronic components firm bagged a contract with the US armed forces worth $90m over the next five years.
TT, which will supply interconnection systems for use with mobile radio communication equipment, already provides equipment to most of the NATO armed forces, including the MoD.
The company is also supplying the interconnection systems for all the new rolling stock for the upgrade of the London Underground ahead of the 2012 Olympic Games.
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"We have been successful in growing our interconnection systems revenues in the past three years and have successfully targeted highly specialist applications where enhanced added value leads to better margins," said chief executive Neil Rodgers.
"We are confident that we will be able to strengthen this position further with the recent acquisition of NCE (New Chapel Electronics) which extends our reach into specialist, high margin aerospace markets."
