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DPW

DPW Holdings

$1.56 /

+0.035 (+2.30%)

06:52
02/21/20
02/21
06:52
02/21/20
06:52

DPW Holdings unit receives $1.4M purchase order

DPW Holdings announced that its global defense business, Gresham Worldwide, has received a $1.4M order from a leading defense and aerospace customer of its wholly owned subsidiary Enertec Systems 2001, Ltd. After receiving a $2.9M order in 2019 to develop a unique and complex testing system, Enertec recently received a follow-up order of an additional $1.4M related to the testing system. Enertec's management believes this customer has the potential to order over $10M of Enertec products per year. DPW's management believes that its recent restructuring of debt and improvement to its capital structure puts the company in a stronger position to execute on expected growth in backlog from this and other customers of the Gresham Worldwide operating units.

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Initiation
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Syndicate
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Earnings
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Earnings
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Initiation
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Conference/Events
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Initiation
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Initiation
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Initiation
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Options
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Conference/Events
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Hot Stocks
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