Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received multiple 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.
Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an order for its Tube Turns® Tool-less® closures. Production will begin immediately and is expected to be completed prior to year-end. Terms of the purchase were not disclosed.
Sypris Solutions, Inc. (Nasdaq/GM: SYPR) today reported financial results for its second quarter ended July 5, 2020. Having completed a series of strategic initiatives over the past several years, Sypris Solutions is now better positioned to achieve long-term growth and a return to profitable operations. These steps have included reducing and realigning the Company’s cost structure while diversifying its book of business in terms of both customers and markets.