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Hot Stocks
Sypris Solutions subsidiary receives multi-year production contract » 08:35
06/22/22
06/22
08:35
06/22/22
08:35
SYPR

Sypris Solutions

$2.18 /

+0.07 (+3.32%)

Sypris Electronics, a…

Sypris Electronics, a subsidiary of Sypris Solutions, announced that it has recently received releases under a new, multi-year production contract that was first announced in February of this year. The order, which provides for Sypris to begin full-rate production beginning in 2022, calls for the manufacture and test of power supplies for an initial five systems to be supplied to a U.S. DOD contractor. Terms of the award were not disclosed. The modules produced by Sypris will be integrated into an electronic warfare improvement program for the U.S. Navy. According to news sources, the upgrade will provide the capability to actively jam incoming missiles that threaten a warship, cue decoys and adapt quickly to evolving threats. The improvements to the electronic attack portion will provide integrated countermeasures against radio frequency-guided threats and extended frequency range coverage according to the U.S. Navy. The system's capability for non-kinetic electronic attack options can be further deployed in additional critical areas. From advanced communications to multi-role waveforms, the multi-function applications of the system will provide enhanced mission capabilities to the U.S. Navy Fleet while presenting opportunities for future reductions in cost, size, weight, and power according to the U.S. Naval Institute.

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SYPR Sypris Solutions
$2.18 /

+0.07 (+3.32%)

Hot Stocks
Sypris Electronics multi-year award for electronic warfare system upgrade » 08:36
06/08/22
06/08
08:36
06/08/22
08:36
SYPR

Sypris Solutions

$2.30 /

+0.01 (+0.44%)

Sypris Electronics, a…

Sypris Electronics, a subsidiary of Sypris Solutions, announced that it has recently received a multi-year, follow-on award from a U.S. DOD contractor to produce and test multiple power supply modules for the upgrade of the electronic warfare suite of an important U.S. fighter aircraft program. Production is expected to transition to full-rate production beginning in 2022. Terms of the agreement were not disclosed. The power supplies to be produced by Sypris will be incorporated into a suite that will replace the functionally obsolete self-protection system of existing aircraft. The upgrade is intended to significantly improve the aircraft's capability to autonomously and automatically detect, identify and locate radio frequency threats. Updating the electronic warfare suite is critical to the aircraft, which is scheduled to be in service through 2040.

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SYPR Sypris Solutions
$2.30 /

+0.01 (+0.44%)

Over a month ago
Hot Stocks
Sypris Solutions subsidiary awarded follow-on multimillion-dollar contract award » 08:37
05/23/22
05/23
08:37
05/23/22
08:37
SYPR

Sypris Solutions

$2.18 /

-0.055 (-2.46%)

Sypris Electronics, a…

Sypris Electronics, a subsidiary of Sypris Solutions, announced that it has recently received a follow-on multimillion-dollar contract award from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs. Production is expected to begin in 2022. Terms of the agreement were not disclosed.

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SYPR Sypris Solutions
$2.18 /

-0.055 (-2.46%)

Over a quarter ago
Hot Stocks
Sypris CFO Anthony Allen to transition out of role, Richard Davis to succeed » 08:33
03/14/22
03/14
08:33
03/14/22
08:33
SYPR

Sypris Solutions

$2.75 /

+0.06 (+2.23%)

Sypris Solutions…

Sypris Solutions announced the appointment of Richard Davis, the company's VP, to the position of VP and CFO effective October 12. Davis will remain located in Louisville, Kentucky and will report to Jeffrey Gill, the company's chairman, president and CEO. Davis has served as VP of Sypris since January 2018 and as VP audit and compliance from August 2015 to December 2017. Davis will succeed Anthony Allen, the company's current VP and CFO, who will serve as VP and treasurer effective October 12.

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SYPR Sypris Solutions
$2.75 /

+0.06 (+2.23%)

SYPR Sypris Solutions
$2.75 /

+0.06 (+2.23%)

Hot Stocks
Sypris wins sole-source contract extension for truck drivetrain parts, no terms » 08:45
03/08/22
03/08
08:45
03/08/22
08:45
SYPR

Sypris Solutions

$3.27 /

+0.67 (+25.77%)

Sypris Technologies…

Sypris Technologies announced that it has entered into a long-term, sole-source contract extension to provide drivetrain components for use in the production of medium and heavy-duty commercial vehicles, effective for shipments beginning in the first quarter of 2022. In addition, the Company was awarded a new program to supply components for use in the production of side-by-side all-terrain vehicles. Terms of the agreements were not disclosed. The components produced by Sypris for use in the drivetrain of medium and heavy-duty trucks are essential to the performance of both the drive and the steer axles of the vehicles. The award of the contract extension is timely for the commercial vehicle market, which is in the midst of a multi-year expansion. The production of heavy-duty vehicles increased 23.4% in 2021, while the outlook for 2022 and 2023 includes additional growth of 13.4% and 21.1%, respectively, according to ACT Research. Commenting on the announcement, Paul Larochelle, Vice President & General Manager of Sypris Technologies stated, "We are pleased to have the opportunity to extend and expand our support for this important customer, the relationship of which has grown substantially over the past 20 years. We will continue to support it with advanced manufacturing systems to ensure that this valued customer continues to benefit from world-class quality, on-time delivery and cost-competitive products."

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SYPR Sypris Solutions
$3.27 /

+0.67 (+25.77%)

SYPR Sypris Solutions
$3.27 /

+0.67 (+25.77%)

Hot Stocks
Sypris Solutions wins award for Army Key Management System » 08:59
12/30/21
12/30
08:59
12/30/21
08:59
SYPR

Sypris Solutions

$2.22 /

-0.06 (-2.63%)

Sypris Electronics, LLC,…

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, "announced that it has recently received a follow-on award from a U.S. DOD prime contractor to manufacture and test embedded circuit card assemblies that will perform certain cryptographic functions for the Army Key Management System, or AKMS. Production is expected to begin in 2022. Terms of the agreement were not disclosed."

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SYPR Sypris Solutions
$2.22 /

-0.06 (-2.63%)

SYPR Sypris Solutions
$2.22 /

-0.06 (-2.63%)

Hot Stocks
Sypris Solutions sees FY21 revenue growth of 20-25%, down from prior view » 07:56
11/10/21
11/10
07:56
11/10/21
07:56
SYPR

Sypris Solutions

$3.76 /

-0.18 (-4.57%)

"We have updated our…

"We have updated our outlook to include a 20-25% growth in the Company's top line in 2021, which is down from our previous guidance. Gross margin is forecast to expand in the fourth quarter 400-500 basis points over the comparable period in 2020, which is expected to contribute to strong double-digit percentage growth in cash flow generated from operations for the full year.

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SYPR Sypris Solutions
$3.76 /

-0.18 (-4.57%)

SYPR Sypris Solutions
$3.76 /

-0.18 (-4.57%)

Earnings
Sypris Solutions reports Q3 EPS 1c, versus 17c in Q320 » 07:54
11/10/21
11/10
07:54
11/10/21
07:54
SYPR

Sypris Solutions

$3.76 /

-0.18 (-4.57%)

Reports Q3 revenue…

Reports Q3 revenue $25.7M, one-estimate $20.7M. "Both operating segments reported gross profit growth for the quarter, contributing to a strong performance for the Company and positioning the business for further progress. Backlog for Sypris Electronics is up 24.0% from the third quarter of 2020 and up 51.3% since the beginning of the year, while the OEM backlog of Class 8 commercial vehicles is estimated to be up 210% year-over-year," commented Jeffrey T. Gill, President and Chief Executive Officer. "Backlog for Sypris Electronics in 2021 remains at its highest point in over a decade, with deliveries now scheduled well into 2023. While shipments during the quarter were impacted by the delayed receipt of material necessary to complete the build of certain products, we expect shipments from our recent contract wins to begin to contribute to revenue in the fourth quarter and provide meaningful growth in the top line going forward. In support of the expected increase in shipments, we secured customer funding for certain key programs to partially fund an increase in our inventories which should help to minimize production disruptions arising from supply chain constraints over the term of the related contracts. "Demand from customers serving the automotive, commercial vehicle, sport utility, and off-highway markets remains strong, although our revised guidance is primarily driven by customer production levels that are lower than what we had previously anticipated. Freight demand is currently overwhelming industry capacity, with supply chain constraints currently dictating OEM production levels, which is flowing down and impacting demand for our products. Although the near-term outlook remains constrained, we have a clear path to capitalize on our growth objectives going forward as the various challenges facing this industry begin to subside. "As we discussed on our previous earnings call, activity levels in the oil and gas industry remained challenging during the first nine months of 2021. However, steadily improving commodity prices, gradually reopening economies and increasing pipeline activity have resulted in increased orders recently of our energy related products, and an expected increase in volume during the fourth quarter of 2021 is well supported by a solid backlog of orders."

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SYPR Sypris Solutions
$3.76 /

-0.18 (-4.57%)

Hot Stocks
Sypris gets contract for modules to upgrade electronic warfare for U.S jets » 09:01
09/15/21
09/15
09:01
09/15/21
09:01
SYPR

Sypris Solutions

$3.54 /

-0.12 (-3.28%)

Sypris Electronics, a…

Sypris Electronics, a subsidiary of Sypris Solutions announced that it has recently received an award from a U.S. DOD contractor to produce and test multiple power supply modules for the upgrade of the electronic warfare suite of certain U.S. fighter jets. Production is expected to begin in 2021. Terms of the agreement were not disclosed. According to news sources, the system will deliver fully integrated radar warning, situational awareness, geolocation, and self-protection capabilities to maximize mission effectiveness and survivability of the aircraft in highly contested environments. This advanced, all digital system enables deeper penetration against modern integrated defense systems and provides rapid response capabilities designed to protect the aircrew. "The system is a leading-edge technology program for the fighter aircraft platform and we are excited to be a part of this technically-advanced enhancement," said Mark Kane, Vice President & General Manager of Sypris Electronics. "Our customer is a worldwide leader in providing advanced electronic systems for the warfighter. We are pleased to have this opportunity to continue our relationship with this important customer."

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SYPR Sypris Solutions
$3.54 /

-0.12 (-3.28%)

Hot Stocks
Sypris Solutions unit gets DoD follow-on to test circuit card assembly, no terms » 08:39
07/12/21
07/12
08:39
07/12/21
08:39
SYPR

Sypris Solutions

$3.46 /

+0.07 (+2.06%)

Sypris Electronics, a…

Sypris Electronics, a subsidiary of Sypris Solutions announced that it has recently received a follow-on award from a U.S. DOD prime contractor to manufacture and test embedded circuit card assemblies that will perform certain cryptographic functions for the Army Key Management System AKMS. Production is expected to begin in 2021. Terms of the agreement were not disclosed. The AKMS is a fielded system that consists of three subsystems: local communications security management software, LCMS", automated communications engineering software ACES and the simple key load device. Under the umbrella of our nation's Electronic Key Management System, the AKMS provides tactical units and sustaining bases with an organic key generation capability and an efficient secure electronic key distribution means.

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SYPR Sypris Solutions
$3.46 /

+0.07 (+2.06%)

SYPR Sypris Solutions
$3.46 /

+0.07 (+2.06%)

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