TMCnet News
Richardson Electronics Ships Large Federal Government OrderRichardson Electronics, Ltd. (NASDAQ: RELL) today reported the shipment of a $3.8 million order awarded in December 2015 for electron tubes to the Defense Logistics Agency, Columbus, Ohio. "We are pleased to finally deliver this order to the federal government," said Edward J. Richardson (News - Alert), Chairman and CEO. The Company originally forecasted it would make this shipment in its 2016 fiscal yer third quarter. Revenue will be reflected in its fourth quarter earnings. ABOUT RICHARDSON ELECTRONICS, LTD. Richardson Electronics (News - Alert), Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company's strategy is to provide specialized technical expertise and "engineered solutions" based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com. Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL. View source version on businesswire.com: http://www.businesswire.com/news/home/20160422005780/en/ |
