[February 08, 2012] Microwave Vision Group Reports Record Growth in 2011 Tweet Feb 08, 2012 (Close-Up Media via COMTEX) -- The Microwave Vision Group announced that its orders totaled EUR48.16 million in 2011, compared to EUR39.73 million in 2010, an increase of 21 percent. The Group also reported that Europe and Asia led the boost in orders across all industries. Microwave Vision Group reported that its redeployment to Europe and Asia, and the success of Telecommunications business in the United States have more than compensated for the drop in Aerospace and Defense orders in North America at the beginning of the year. Although the order received in North America shrunk by 12 percent between 2010 and 2011, Europe (+70 percent) and Asia (+31 percent) showed significant increases. In addition to this, worldwide, orders for the Aerospace and Defense industries rose by 25 percent compared to those in 2010. The order total for the Telecommunications industry is no exception with an increase of 17 percent compared to 2010. "Given the difficult global economic situation, this rise in orders demonstrates our Group's responsiveness. The redeployment of our sales forces, which began in early 2011, and the promotion of the Microwave Vision brand have already proved successful. We have secured sizeable contracts in Europe and Asia. We were also able to take advantage of the revival of the Defense market in the United States at the end of the year. These factors mean that we can face the beginning of 2012 with optimism," explained Philippe Garreau, the Group's President and CEO. The Group's revenues will be announced on February 29. Microwave Vision is a global manufacturer of test systems and antenna measurement in the fields of Radio Communications, Automotive, Defense and Aerospace. More Information: www.microwavevision.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]