Additional $ 63 mil Export Contract for IDE – Significant work to other Greek Companies

January 18, 2016: IDE (INTRACOM Defense Electronics), the leading defense electronics and communications systems manufacturer in Greece, extends its cooperation with Raytheon by signing a new contract worth $ 63.4 million to manufacture subsystems for the PATRIOT air defense system. Deliveries are scheduled to be completed in March 2018.

It is worth mentioning that according to analytical records of IDE, during the last five (5) years IDE has awarded more than 40 % of the work of its signed contracts to other qualified Greek companies.

“In the current difficult financial situation we are contributing positively to the industrial production and to the employment in our country and we are proud to cooperate with one of the largest companies worldwide in the defense area. Manufacturing capabilities, competitiveness and high quality standards have made IDE a reliable partner in the long and successful international course of the PATRIOT program”, stated Mr. George Troullinos, CEO of IDΕ.