Page 15 - Sypris Electronics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sypris Reports First Quarter Results Sypris Solutions, Inc. reported financial results for its first quarter ended April 4, 2021. Highlights: Customer orders were robust during the period, while revenue was less than the prior year quarter due to late material receipts and customer releases that have since been resolved and are expected to support future growth. Gross margin decreased from the prior-year period as a result of lower revenue, sales mix and the costs incurred to ramp up production in order to meet the significan...

Sypris Wins Contract for Deep Space Program Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc., announced that it has recently received a follow-on award from a US DoD prime contractor to manufacture and test electronic assemblies for a Government spacecraft program. Production is expected to begin in 2021. Terms of the agreement were not disclosed. The spacecraft is designed to serve as the exploration vehicle that will carry the crew to space, provide emergency abort capability, sustain missions and provide saf...

#post_contentSypris Solutions, Inc. (NASDAQ: SPYR) subsidiary Sypris Electronics LLC has received a follow on award from a US DoD prime contractor to manufacture and test electronic assemblies for a Government spacecraft program.