(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.
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