MtronPTI Awarded over $10 Million Production Contract for a Major U.S. Defense Program

ORLANDO, Fla.--(BUSINESS WIRE)-- M-tron Industries, Inc. (NYSE American: MPTI) (“MtronPTI”), a leading supplier of highly-engineered electronic components and solutions used to control the frequency or timing of signals in electronic circuits, today announced an order for more than $10 million from a top U.S. Department of Defense prime contractor in support of a major naval defense program. The order consists of high performance, rugged radio frequency filters.

The program is a major part of the shipboard defense system of the United States as well as numerous ally nations and is anticipated to be in production past 2029. This contract highlights MtronPTI’s continued leadership in precision radio frequency (“RF”) components and solutions focused on performance under extreme conditions. MtronPTI supplies numerous U.S. and allied defense programs including precision guided munitions, radars, electronic warfare systems, airframes, drones and autonomous vehicles, and space and satellite platforms.

"We are honored to have earned this $10M contract, which underscores our commitment to innovation and excellence in meeting our customers' needs," said Michael Ferrantino, MtronPTI Chief Executive Officer. "This achievement reflects our team's dedication and expertise, and we look forward to delivering exceptional value and advancing our mission."

Work under this contract will take place in Orlando, Florida over the next three years.

About MtronPTI

M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, MtronPTI provides close support to its customers throughout our products’ entire life cycle, including product design, prototyping, production and subsequent product upgrades. MtronPTI has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtronpti.com.

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M-tron Industries, Inc. Investor Relations:

Cameron Pforr

Chief Financial Officer

ir@mtronpti.com

Source: M-tron Industries, Inc.