Shares of Giga-tronics Inc. (GIGA) rocketed by 62% to $2.84 in mid-day trading on Wednesday after the company announced a $3 million order from a major aerospace firm, for its high performance YIG tuned filter products. Giga-troncis said it expects to start shipments for this order in September 2015.
John Regazzi, President and CEO of Giga-tronics, stated, “We are pleased to have our customer’s continued confidence in Giga-tronics to deliver this sole sourced product on time, while meeting their high standards for quality and reliability.”
Approximately 33 million GIGA shares have already changed hands, way above the company’s 3-month average trading volume of about 34K shares a day.
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