$12.2 million order
Allen-Vanguard Corp. gets a $12.2-million order from the U.S. Department of Defense (DoD) to supply spares for in-service electronics counter measures (ECM) equipment. “We are very pleased at the commitment this…customer has made to in-service support of our ECM equipment,” says CEO David Luxton. “This order is one example of the potential for recurring revenue from our growing installed base of ECM equipment.” The company’s ECM equipment interferes with radio signals used to detonate remote-controlled bombs.
