MTI Wireless Edge Secures $1m in Defence Antenna Contracts

MTI Wireless Edge (LSE:MWE) has announced two new defence-related contracts within its antenna division, together valued at approximately $1 million. The first order, worth $0.7 million, comes from an existing European defence customer and is scheduled for delivery within five months. The second contract, awarded by a domestic defence company, will be fulfilled over a two-year period. These agreements add to the company’s military antenna backlog and strengthen ties with both international and local defence clients.

Chief executive Moni Borovitz highlighted that the new contracts cap a strong April for the group, during which more than $9 million in defence orders have been secured. This momentum reflects sustained demand for MTI’s defence solutions, while also signalling broader opportunities across its wider operations. The expanding order book enhances revenue visibility within the defence segment and reinforces the company’s role as a supplier of RF and antenna technologies to the global defence communications market.

MTI’s outlook is supported by solid financial fundamentals, including low leverage and consistent profitability, alongside an attractive valuation with a relatively low P/E ratio and dependable dividend yield. However, this is partly offset by mixed technical signals, with some short-term weakness despite a supportive longer-term trend.

More about MTI Wireless Edge

MTI Wireless Edge is an Israel-based technology group focused on radio frequency and communication solutions across multiple divisions, including antennas, water management, and consulting services. Its antenna business develops advanced systems for both military and commercial applications, while its Mottech division delivers irrigation control solutions and MTI Summit provides RF, microwave, and defence engineering services. Serving global markets—from telecommunications and public safety to agriculture and defence—the group offers both standard and customised solutions aimed at high-reliability connectivity and monitoring.