Recent Updates — IEHC

IEH Corporation entered into an employment agreement on October 23, 2026, appointing Subrata Purkayastha as Chief Financial Officer, Treasurer, and Corporate Secretary. The agreement is effective November 1, 2026, through October 31, 2029. Purkayastha will receive a base salary of $293,950 annually, with an annual bonus potential equal to 100% of her base salary based on performance targets. She was granted 35,000 immediately vested stock options at an exercise price of $29.60 per share for the fiscal year ended March 31, 2027. The agreement includes severance provisions entitling her to 24 months of base salary upon termination without cause or for good reason, along with continued health benefits. IEH Corporation operates in the investment and financial services sector.

IEH Corporation announced a $3.6 million order from a leading mobile defibrillator manufacturer for its Hyperboloid connectors, marking the company's expansion into the medical device market alongside its existing defense and aerospace business. This contract highlights the reliability of IEH's interconnect technology in critical life-saving applications requiring resistance to shock and vibration. IEH Corporation designs, develops, and manufactures printed circuit board connectors and custom interconnects for high-performance applications across defense, aerospace, space, medical, and industrial sectors.

IEH Corporation announced it received $6.5 million in new orders for its Hyperboloid connectors supporting the APKWS program over the last two weeks, bringing total backlog to over $45 million, nearly triple the level from the prior year. President and CEO Dave Offerman stated that demand for high-performance connectors used in missile and air defense systems like APKWS, PATRIOT, and THAAD remains extraordinary, prompting plans to increase capacity and ramp up production. IEH Corporation designs, develops, and manufactures printed circuit board connectors, custom interconnects, and contacts primarily for the defense, aerospace, medical, space, and industrial sectors.

IEH Corporation filed its Form 10-Q for the first quarter of fiscal year 2027, ended June 30, 2026. The company reported record revenue of $10,021,446, a 59% increase from $6,308,155 in the prior year period. Operating profit reached $664,802, an improvement of $1,420,108 compared to the previous year's loss. Net income was $654,466 versus a net loss of $654,618 previously, with basic earnings per share of $0.26 against a loss of $0.27. The company also reported its highest backlog in history at nearly $40 million and noted gross margins reached their highest level in five years. IEH Corporation designs, develops, and manufactures printed circuit board connectors and custom interconnects for defense, aerospace, medical, space, and industrial applications.