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Stock Alert: Sypris Solutions Surges 40% After Bagging Multiple Defense Contracts

(RTTNews) – Shares of nano-cap company Sypris Solutions, Inc. (SYPR) jumped nearly 40% on Friday morning after the company said it won multiple defense contracts.

SYPR is currently trading at $1.31, up $0.37 or 38.30%, on the Nasdaq.

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, announced that it has received contract awards from a US DoD prime contractor to manufacture a variety of mission-critical electronic assemblies for multiple Government programs.

Production will begin in 2020 and continue into 2021. Terms of the agreements were not disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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