Ault subsidiary Gresham exceeded $10.2M in bookings in Q2

Ault Alliance announced its majority owned subsidiary, Giga-tronics, d/b/a Gresham Worldwide, a provider of high-performance purpose-built electronic solutions for mission critical applications in defense, health care, telecommunications, and transportation industries, exceeded $10.2M in bookings for the quarter ending June 30. Gresham Worldwide booked orders for turnkey electronic solutions, particularly for defense and health care customers, as well as radio frequency component solutions, power electronics and displays. The new orders included orders for missile defense technology and RF solutions for global defense contractors as well medical device test solutions for a Fortune 50 global healthcare provider. Continued geopolitical military tensions and post-pandemic business rebounds drove increased demand for Gresham Worldwide’s offerings in the Q2. Those factors are expected by Gresham Worldwide to generate increasing demand for precision electronics throughout the rest of 2023 and into 2024. Gresham Worldwide ended the Q2 with an order backlog of $28M, which Gresham Worldwide believes will pave the way for continued, stable growth.