3rd contract in one year for INTRACOM Defense Electronics for PATRIOT

Athens, Greece, October 12th, 2010: INTRACOM Defense Electronics, the largest Hellenic defense electronic systems manufacturer, has signed the third contract in one year with RAYTHEON. 

The current agreement worth $4.8 mil. is for the manufacturing of subsystems of PATRIOT air-defense systems for third countries’ needs. The aforementioned contract is a continuation of previous contracts worth $ 55.7 mil. and $ 25 mil. on Sept. 2009 and on May 2010 respectively.

With the current agreement RAYTHEON renews its confidence to INTRACOM Defense Electronics, while in parallel the prospects for further extension of this important co-operation are strengthened, in the framework of the high international demand for PATRIOT systems.