Ault Alliance announced the awarding of a $20M contract by its majority-owned subsidiary, Giga-tronics, also known as Gresham Worldwide. Gresham Worldwide won the contract to supply bespoke systems from a major strategic customer through its subsidiary, Enertec Systems 2001. This contract underscores a significant advancement with Enertec securing an initial $5M to procure necessary materials and an additional $1.5M for immediate system deliveries. These forthcoming orders, set to be executed between 2024 to 2026, are anticipated to bolster Enertec’s backlog, revenue streams, and profitability. To ensure timely and quality deliveries, Enertec is ramping up its recruitment, seeking exceptional engineers and technicians.
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