Diversified End Markets Growth
Sales in diversified end markets, including medical, aerospace and defense, and industrial, increased by 22% year-over-year, making up 59% of the total company revenue.
SyQwest Naval Defense Contract
SyQwest was awarded a sole-source naval defense contract with an initial value of $5 million, with potential additional platform awards within the next 12 months.
Strong Industrial Market Performance
Industrial market sales increased 9% sequentially and 21% year-over-year, with bookings up 29% from the same period last year.
Aerospace and Defense Sales Increase
Aerospace and defense sales grew by 23% compared to the third quarter of 2024, with SyQwest revenues at $8.8 million.