Fair Lawn-based engineering and manufacturing company U.S. Technologies won a $19 million defense contract with the U.S. Navy, according to The Record.
The company has been struggling with the sluggish economy and a lack of government funding, resulting in layoffs, cut hours and major pay cuts for its top managers, including Adam Rachlin, the vice president for operations, The Record reported.
Rachlin told The Record last week that the 26-year-old company won the five-year contract with the Naval Air Warfare Center Weapons Division in China Lake, Calif.
The contract, which the company outbid six other companies for, will provide circuit boards to make U.S. warships and planes less susceptible to attacks from electronic weapons systems.
"This is a very big deal," Rachlin told The Record. "This means stability for five years."
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