Type Public Industry Printed Circuit Boards Founded 1966 | Traded as NYSEMKT: IEC Area served United States Number of employees 809 (2013.12.31) | |
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Key people W. Barry Gilbert
( Chief Executive Officer, Chairman, Chairman of Exec. Committee)
Vincent A. Leo
( Interim Chief Financial Officer, Principal Accounting Officer)
(2012.12.31) Products Electronic contract manufacturing services Stock price IEC (NYSEMKT) US$ 3.47 -0.11 (-3.07%)17 Mar, 4:01 PM GMT-4 - Disclaimer Headquarters Newark, New York, United States Revenue 141 million USD (2013.9.30) Subsidiaries IEC Electronics Corp-Albuquerque, IEC Electronics Wire & Cable Inc, Val-U-Tech Corp, Celmet Co., Inc. Profiles | ||
Iec electronics corporation 2c albuquerque 2013 ame manufacturing excellence award recipient
IEC Electronics Corp. (NYSEMKT: IEC) was set up in 1966 and now is based in Newark, New York. The company focuses on electronic contract manufacturing services (EMS), such as the circuit cards, loads of cable and wire harness assemblies, and precision sheet metal components, for military, aerospace, medical devices, and other industry markets. In addition, the company provides services like testing and detection of counterfeit electronic parts, component risk mitigation and advanced failure analysis. IEC Electronics acquired Southern California Braiding, Inc. in 2010 to further develop IEC’s subsidiary, IEC Electronics Wire and Cable, Inc.. The company also has another subsidiary, namely Albuquerque.
Contents
Iec electronics 2011 ame excellence award winner
Products
All the related products are based on the company’s on-site analytical laboratories, real-time and automated data surveillance, component tracking systems, and the new product incubation centers, under ISO 9001:2008, ISO 13485 and ISO 14001 and many other standards, with Six Sigma to manage quality. In the market of medical, the company provides products like resuscitation systems, surgical navigation systems, imaging devices, and remote/wireless diagnostics; In the market of aerospace & defense, the company provides products like secured cockpit encryption systems, weapons/missile launch platforms, MRAP ground vehicles, UAV control systems, and rocket guidance & spacecraft navigation; In the market of Industrial & Transportation, the company provides products tracking & monitoring systems, railway signaling, bus/mass transit communication systems, commercial aircraft lighting, weather detection & ranging instruments.
Awards
IEC Electronics received:
Controversies
In June 2013, Glancy Binkow & Goldberg LLP, on behalf of investors of IEC, filed a class action lawsuit against the Company for issuing false and/or misleading statements.
Recent News
On February 17, 2015, the company received a deficiency letter from the New York Stock Exchange (NYSE). The reasons for deficiency included failure to file a quarterly report in a timely manner. The company has been actively trying to prevent their stock from being delisted. IEC had until May 11, 2015, to submit a plan to the NYSE. Failure to submit and follow their approved plan, would get them delisted.