IEC Receives $10.2 Million Contract From Top Global Defense Company

NEWARK, NY--(Marketwired - June 23, 2016) - IEC Electronics Corp. (NYSE MKT: IEC) today announced that it has been awarded a three-year, $10.2 million contract from a Tier 2 Department of Defense Supplier in support of digital tactical networking and voice communication equipment for U.S. aircraft, ground vehicles, and surface warships.

IEC expects to commence production in the fourth quarter of fiscal 2016.

Jeffrey T. Schlarbaum, President & CEO of IEC Electronics, commented, "We have supported this customer over the past several years, and this contract demonstrates IEC's ongoing ability to meet their highly complex manufacturing requirements. This sophisticated communications product is well-suited for IEC's core expertise, and we are also encouraged by the prospect that this program could grow larger."

About IEC Electronics

IEC Electronics is a provider of electronic manufacturing services ("EMS") to advanced technology companies that produce life-saving and mission critical products for the medical, industrial, aerospace and defense sectors. The Company specializes in delivering technical solutions for the custom manufacture of complex full system assemblies by providing on-site analytical testing laboratories, custom design and test engineering services combined with a broad array of manufacturing services encompassing electronics, interconnect solutions, and precision metalworking. As a full service EMS provider, IEC holds all appropriate certifications for the market sectors it supports including ISO 9001:2008, AS9100C, ISO 13485, Nadcap and IPC QML. IEC Electronics is headquartered in Newark, NY and also has operations in Rochester, NY and Albuquerque, NM. Additional information about IEC can be found on its web site at www.iec-electronics.com.

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