Koropi, October 19th 2010: INTRACOM Defense Electronics signed a new contract with NORTHROP GRUMMAN valued $ 1,26 mil. concerning the production of F-16 aircraft radar warning receivers of the self-protection system, intended for a third country.
The program will be completed in eighteen (18) months and is a continuation of the distinguished and long lasting co-operation between the two companies for the production of self- protection and radar systems regarding programs of the Hellenic Ministry of Defense as well as the international market.
INTRACOM Defense Electronics’ great experience and technical know-how combined with its state of the art infrastructure, provide the capability of manufacturing these high technology self-protection systems at its premises, in Greece.
It should be mentioned that during the last five (5) years the value of the projects which have been awarded to INTRACOM Defense Electronics by the RAYTHEON and NORTHROP GRUMMAN, main contractors of electronics for F-16 aircraft self- protection systems, exceeds $ 60 mil., strengthening the export activities of the company which reached 70,2% of the year 2009 turnover. In parallel the prospects for further extension of this co-operation are strengthened, in the framework of the high international demand for self-protection systems.