Key Developments: Tel-Instrument Electronics Corp (TIK.A)

TIK.A on American Stock Exchange

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Tel Instrument Electronics Corp receives contract of $4.1 mln
Monday, 17 Feb 2014 08:30am EST 

Tel Instrument Electronics Corp:Says the receipt of $4.1 mln of additional orders for the U.S. Army TS-4530A program bringing the total backlog on this program to $19.7 mln.  Full Article

Tel Instrument Electronics Corp Receipt of Additional $1.24 Million of CRAFT Delivery Orders
Tuesday, 29 Oct 2013 08:30am EDT 

Tel-Instrument Electronics Corp announced that it has received three additional delivery orders from the U.S. Navy totaling $1,244,385 for the CRAFT program. These new orders are for 36 AN/USM-708 and AN/USM-719 Mode 5 IFF test sets and are associated with the $9.5 million five year indefinite-delivery/indefinite-quantity contract announced last week. With the three delivery orders announced last week, the U.S. Navy has placed orders for 129 CRAFT test sets at a total value of $4,083,485. This IDIQ contract is in support of the U.S. Navy, U.S. Marine Corps, U.S. Army and various Foreign Military Sales customers under the Foreign Military Sales program.  Full Article

Tel Instrument Electronics Corp Announces Receipt Of $2.8 Million Of CRAFT Delivery Orders
Thursday, 24 Oct 2013 01:38pm EDT 

Tel Instrument Electronics Corp. (Tel or Company) announced that it has received three initial delivery orders from the U.S. Navy totaling $2,839,100 for the CRAFT program. These initial three delivery orders are for 49 AN/USM-708 and 44 AN/USM-719 Mode 5 IFF test sets and are associated with the $9.5 million five year indefinite-delivery/indefinite-quantity ("IDIQ") contract announced on October 23, 2013. The IDIQ contract is in support of the U.S. Navy, U.S. Marine Corps, U.S. Army and various Foreign Military Sales customers under the Foreign Military Sales program.  Full Article

Tel Instrument Electronics Corp Announces New Orders Of $1.3 Million
Friday, 6 Sep 2013 08:30am EDT 

Tel Instrument Electronics Corp announced that it has received orders totaling $1.3 million. The Company received an order from the U.S. Army for 50 T-47N Test Sets for a total of $858,900. It is expected that these units will be shipped this calendar year. This order is part of a five year IDIQ (indefinite delivery/indefinite quantity) contract for up to 235 T-47N Test Sets. After receipt of this order, a total of 75 T-47N Test Sets could be exercised under this IDIQ contract. The Company also received a $459,186 order from Poland, through its European distributor, for 29 T-47G Test Sets, which are scheduled to be delivered this calendar year.  Full Article

Tel Instrument Electronics Corp Comments On FY 2014 Guidance
Tuesday, 16 Jul 2013 05:45pm EDT 

Tel Instrument Electronics Corp announced that it is forecasting significant revenue and profitability growth for fiscal 2014.  Full Article

U.S. SEC charges corporate insiders with disclosure violations

WASHINGTON, Sept 10 - U.S. securities regulators filed civil charges on Wednesday against 28 officers, directors and major company shareholders as part of a crackdown on improper disclosures about their stock holdings.

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