The first quarter results of AML Communications reveals the company’s success with its new products as net sales rose to $2.65 million and net profit reached $160,000. The company’s newly acquired subsidiary, Mica-Tech reported revenues of $45,000 and announced that it received a relatively big order which will positively impact the next quarter results.
AML Communications designs and manufactures an array of military-grade microwave amplifiers and subsystems for the defense industry. Its extensive range of microwave low noise amplifiers and power amplifiers can be found in leading defense projects.
According to a government-funded institute, world military spending is expected to increase. The U.S. military spending proposal for 2008 totals at $499, which is the highest amount since the end of World War II. If granted, the increased spending could open up significant revenue opportunities for AML Communications.
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