M‑tron Industries announced a $20 million production contract with a U.S. Department of Defense prime contractor for a major air‑defense program. The two‑year agreement will see the company manufacture rugged lumped‑element RF filters and precision clock oscillators that feed radar, communications, and electronic‑warfare systems. The work will be performed at the Orlando, Florida facility through mid‑2028, with production slated to continue beyond 2030.
The contract represents a substantial boost to M‑tron’s backlog, which stood at $58.8 million as of September 30 2025, up 47.9% year‑over‑year. Spread evenly over the two‑year term, the contract adds roughly $10 million of revenue per year, or about 20% of the company’s 2024 annual revenue of $49 million. This is a significant portion of the firm’s top line and underscores the growing demand for its high‑reliability RF components in defense and aerospace.
M‑tron’s recent financials show steady revenue growth—$49 million in FY 2024 and $14.2 million in Q3 2025—while gross margins have hovered in the mid‑40s. The new contract is expected to support margin stability by providing a predictable, high‑margin product mix, offsetting the slight margin compression seen in Q3 2025 that was driven by a shift toward lower‑margin legacy products and modest raw‑material cost increases.
CEO Cameron Pforr highlighted the award as evidence of the company’s “core capability to deliver custom, high‑performance solutions at production scale.” The partnership with a prime contractor signals deepening trust from the Department of Defense and positions M‑tron to capture additional opportunities in the expanding air‑defense portfolio, where the firm already supplies components for precision‑guided munitions and electronic‑warfare suites.
Analysts view the contract as a positive catalyst for long‑term revenue visibility. While the deal does not alter the company’s current guidance, it strengthens the backlog and provides a clear revenue stream that extends beyond 2030, reinforcing M‑tron’s trajectory of growth and its competitive edge in a market that continues to prioritize high‑reliability RF solutions.
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