AML Communications in Camarillo has secured a contract valued at approximately $700,000 for amplifiers to service the emerging low Earth orbit satellite telecommunications network market.
The contract includes a two-week option for the customer to increase the order by an additional $600,000. The order is expected to be delivered in the company’s first quarter of fiscal 1998.
The LEO satellite network is designed to provide high-speed digital communication worldwide.
“This contract is yet another example of our ability to leverage our proven technologies, create new products and open new markets,” said Jacob Inbar, chairman and chief executive officer.
The company also announced that revenues for the third fiscal quarter ended Dec. 31 increased 126% to $4.07 million, compared with revenues of $1.8 million for the three-month period ended Dec. 31, 1995.
Net income for the third fiscal quarter jumped 143% to $729,000, or 11 cents per share, compared with net income of $300,000, or 6 cents per share, for the three-month period ended Dec. 31, 1995.
Revenues for the quarter were derived primarily from sales of cellular and wireless telephone products.
AML designs and manufactures amplifiers and repeaters for communications markets.