Burnaby headquartered Xantrex Technology Inc. (TSX:XTX) has signed a US$1.4 million contract to provide power subsystems for two unnamed U.S. aerospace companies.
Xantrex will provide 18 power subsystems which are designed to provide power and reverse energy protection to aircraft actuators used to control the aircraft.
The deal comes a couple weeks after it signed a US$1.9 million contract to provide solar energy inverters for a Sarnia Ontario Solar Farm.
Xantrex's share price range during the past week: between $10.11 and $10.57; 52-week high: $13.19; 52-week low: $4.61.