Microwave components maker Mega Industries LLC in Gorham has received two new lucrative contracts and is expanding its workforce, the company said Tuesday.
The company recently expanded its staff by 20 percent and is looking to increase by another 20 percent, it said. Mega Industries just received a $5 million contract from Sweden-based European Spallation Source and a $2 million contract from Menlo Park, California-based Stanford Linear Accelerator Laboratory.
The company manufactures high-power microwave transmission equipment for research and commercial uses. It achieved record revenue in 2016, up more than 32 percent from the previous year, according to a news release.
Mega’s bookings reached a record high of roughly $12 million in 2016 thanks to several new contracts with various national laboratories from around the world, it said. Those bookings are expected generate record revenues again in 2017 and continue to generate significant revenue growth for the company over the next three to five years.
As a result of the growth, Mega recently added a second shift to its production line and is seeking a variety of engineers and craftsmen. The company has 60 employees and is seeking a dozen more, Mega President Peter Anania said.
Most of Mega’s products are used by scientists at national laboratories to do research in areas such as particle physics, cosmology, chemistry and medicine, according to the release.
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