Tel-Instrument Electronics Q3 revenues up 21%

Tel-Instrument Electronics Corp. (NYSE MKT:TIK) FY 2016 third quarter unaudited revenues for the period ending December 31, 2015 increased to USD 6.1 million, a 21 percent increase over year ago levels, the company said.

The company also reported receipt this week of a USD 1.43 million order from Lockheed Martin for 40 CRAFT 708 units with delivery scheduled for the first and second quarters of the 2017 fiscal year, which begins April 1, 2016. These units are to be used on the Joint Strike Fighter (“JSF”) Program. This brings total CRAFT orders for this program to USD 4.4 million.

Tel-Instrument designs avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets.