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Anaren captures new satellite work

DeWITT — Anaren, Inc. (NASDAQ: ANEN) said today it received an order worth more than $7 million for antenna assemblies to be used in a satellite application.

Deliveries will take place over 19 months beginning in the third quarter of 2013, according to the company.

DeWitt–based Anaren develops and manufactures components and subsystems for markets including satellite communications, defense, and wireless communications. The company employs about 800 people and has locations in the Syracuse area, New Hampshire, Colorado, and China.

(Sponsored)

Net sales for the company’s quarter ended June 30 fell 19.1 percent to $38.2 million. Net income fell to $2.9 million, or 20 cents a share, from $4.2 million, or 29 cents a share, in the same period last year.

Contact Tampone at ktampone@cnybj.com

 

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