SMTC Corporation Announces Over $31 Million in New Business from Avionics, Aerospace and Defense Customers
TORONTO — SMTC Corporation (Nasdaq:SMTX), a global electronics manufacturing solutions provider and winner of the Frost & Sullivan’s 2019 Best Practices Award for Customer Value Leadership in the Electronics Manufacturing Services Industry, today announced it has been awarded in excess of $31 million in new business from three leading global avionics, aerospace and defense technology companies. Initial production is expected to begin in mid-2020.
“The awards from three different multibillion dollar a year sales companies validate our ability to expand our avionics, aerospace and defense business, which has been a priority end-market since our acquisition of MC Assembly in late 2018. This exciting growth market sector has expanded for us from $5.1 million or 2.3% of total sales in 2018 to $17 million or 6% of sales through the first nine months of 2019,” said Ed Smith, SMTC President and Chief Executive Officer.
“Our avionics, aerospace and defense customers’ need for products with the highest level of reliability, security, compliance and key requisite certifications were critical in their selection of SMTC. The newly awarded customers’ orders will be built at our Melbourne, Florida facility. The selection of SMTC by our customers to supply critical-to-quality PCBA, box level integration and test development, further represents our ability to provide best-in-class service and solutions to leading avionics, aerospace and defense companies,” noted Smith.
SMTC has extensive experience manufacturing, engineering, testing and supporting airborne, ground and sea-based systems and sub-systems and can provide in-house environmental testing to support HASS, MIL-STF-810G and MIL-STD-461. SMTC is ITAR/EAR registered and controlled, has diverse capabilities, and maintains the highest certified quality standards that include AS9100, IPC-610 Class 2 and Class 3 and J-STD-001F and J-STD-001FS. SMTC also supports avionics, aerospace and defense requirements by providing FAA-PMA for both original equipment and depot/repair services. For more information about SMTC’s capabilities in this market sector, please see https://www.smtc.com/markets/defense-aerospace.
“We are excited by these opportunities that we see for us in 2020 with our existing customers and our prospects for winning additional new customers,” added Smith.
