Emcore: Rises on $3.6 mln contract from Raytheon Tech

EMCORE

31/08/2020 14:59

** Shares of mixed-signal products maker  EMKR.O  rise 3% to
$3.6 in early trade 
    ** Announces $3.6 mln contract from Raytheon Technologies
 RTX.N  
    ** Emcore to deliver its SDI500 IMUs (Inertial Measurement
Units) for the MK 54 torpedo program  urn:newsml:reuters.com:*:nGNX1D6R8Q
    ** An IMU is an electronic device that measures a body's
specific force and angular rate
    ** Emcore's SDI500 IMU to enable guidance and control of the
MK 54 torpedo during in-water maneuvers
    ** Units to be delivered by September 2021
    ** Stock has risen 15% this year 

 (Reporting by Sanjana Shivdas in Bengaluru)
 ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646
223 8780, outside U.S. +91 80 6749 1642; Twitter:
@SanjanaShivdas;))