Cooperation Expansion in Export Contract for INTRACOM Defense Electronics

June 25, 2012: INTRACOM Defense Electronics expands its cooperation with RAYTHEON Missile Systems, with a $2.7 million contract, in the frame of the RAM (Rolling Airframe Missile) surface-to-air missile, which is in use by the naval forces of seven (7) countries. In the frame of this agreement, which is the exercise of the option of a previous contract, electronic units of the infrared seeker IR-ELX will be manufactured and deliveries will be completed by December 2012.

The complexity and the high technology required for the manufacturing of the aforementioned systems, establish INTRACOM Defense Electronics as a reliable supplier of RAYTHEON Missile Systems. This contract is in continuation of successful cooperation between the two companies and confirms the high quality level and competitiveness of the Hellenic company.

It’s worth mentioning that during the year 2011 INTRACOM Defense Electronics has signed contracts worth of 96,3 mil. €, out of which 99,2% refers to export activities.