May 31, 2010: INTRACOM Defense Electronics was awarded a $17.9 million frame contract from Northrop Grumman (NYSE: NOC) to manufacture electronic modules for the AN/APG-68(V)9 radar for the F-16 aircraft worldwide. For the materialization of the contract purchase orders of $ 8.8 million have already been placed.
This frame contract of indefinite delivery and indefinite quantity has duration until 2012 and is the expansion of a recently signed contract with Northrop Grumman under which INTRACOM Defense Electronics manufactures F-16 aircraft radar electronic modules.
“The award of this contract demonstrates that international manufacturers, leaders in the defense field, recognize INTRACOM Defense Electronics as a reliable partner who plays a vital role in providing high-quality airborne electronic systems for the Hellenic MOD and the international market place” stated INTRACOM Defense Electronics’ CEO, Mr. George Troullinos.