Reply #15: NY-Jaco wins large contract for optical scan voting machines [View All]

Jaco wins large contract for optical scan voting machines
BY JAMES BERNSTEIN | james.bernstein@newsday.com
4:41 PM EDT, April 8, 2008

Jaco Electronics Corp., a relatively small components distributor, said Tuesday it won its largest-ever single award -- a contract to manufacture approximately 4,500 optical scan voting machines for use in New York State.

Hauppauge-based Jaco said in an announcement before markets opened that it will add 40 to 50 people to its 120-member Long Island workforce as a result of the contract. Jaco employes a total of 220.

An industry source said the contract is worth between $18 million and $20 million.

The company's stock, which has declined in recent years, soared on the news. In trading Tuesday, it was up 76 cents or 70 percent to $1.85.

http://www.newsday.com/business/ny-bzjaco0409,0,3720354.story