Aviat (AVNW) to Help Modernize Hoosier's Transmission Network
Aviat Networks, Inc. AVNW recently announced that it has inked a definitive agreement with Hoosier Energy for an undisclosed amount to help modernize the transmission network of the utility company. This multi-year, multi-phase project will equip Hoosier with the most advanced technology for optimum performance.
In particular, Hoosier will deploy Aviat's new IRU600 UHP 11 GHz indoor microwave radio, which reportedly delivers the highest transmitter power in the industry, to relocate majority of its existing 6 GHz links to 11 GHz. This, in turn, is likely to address its concerns about the potential risk of interference for a reliable and uninterrupted transmission.
Headquartered in Bloomington, IN, Hoosier operates as a generation and transmission cooperative, offering electricity and related services to 18-member distribution cooperatives in central and southern Indiana and southeastern Illinois. It strives to function as a community-focused organization that efficiently delivers affordable, reliable and safe energy. The network upgrade process is a significant step in this endeavor.
With an experience of more than seven decades, Aviat has been a global provider of microwave networking solutions. It offers public and private operators communications networks to cater to the accretive demand for IP-centric, multi-gigabit data services.
Backed by avant-garde technology, Aviat simplifies the entire lifecycle of designing, deploying and maintaining wireless transport networks with greater performance and reliability. The company is well-positioned to benefit from robust market dynamics, cost-reduction efforts, favorable customer mix and higher investments in innovative software solutions. A solid liquidity position and healthy balance sheet are likely to aid the company in executing key long-term strategic objectives.
With a resilient business model, Aviat Networks benefits from strong demand for best-in-class broadband connectivity in rural areas and mission-critical networks. Also, higher revenues from private network businesses in North America, significant bottom-line improvement and margin expansion fueled by an upsurge in software sales bolsters the company’s profitability.
It has gained 8.5% over the past year against the industry’s decline of 15.1%.
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Aviat currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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