Another Contract for INTRACOM Defense Electronics for new Patriot Systems

March 12th, 2012: INTRACOM Defense Electronics, the largest Hellenic defense electronic systems manufacturer, has signed a new contract related to Patriot Air and Missile Defense System with RAYTHEON.

The current agreement is worth $83.2 million and will be completed by the end of 2015. Furthermore INTRACOM Defense Electronics will allocate to other Greek companies a significant part of the project thus positively contributing in the industrial production of our country.

With this contract INTRACOM Defense Electronics based on its manufacturing capabilities, consistency, quality and cost competitiveness further enhances and solidifies its international presence and orientation, as indicated by the export activities that exceeded 98% of the company’s 2011 turnover.