DDL Electronics in Newbury Park reported that SMTEK Corp., one of its subsidiaries, has signed a long-term partnership agreement with Haas Automation for the manufacture of customized electronic assemblies.
"This is a very substantial long-term engagement which we expect to ramp up to more than $10 million on an annualized basis," said Gregory L. Horton, president of DDL and SMTEK. "It represents another important step in our strategy of building partnerships with high-quality, growth-oriented companies."
Oxnard-based Haas Automation makes machine tools.
"Our selection of SMTEK reflected that company's proven capabilities and the quality, price and value which it offers," said Bob Whaley of Haas Automation.
DDL Electronics provides original-equipment manufacturers with integrated design, engineering and electronics manufacturing services.
The company focuses on the instrumentation, communications, computer, medical and aerospace industries.