INTRACOM Defense Electronics undertakes new project for NATO program / Company’s exports reached 67.6% of 2006 turnover

INTRACOM Defense Electronics undertook a new project for the production of electronic units for the NATO ground-to-air Evolved SeaSparrow Missile (ESSM). The project concerns manufacturing of missile’s telemetry electronics in the year 2008 and amounts to €1.6 million of a total €7.1 million budget, which is expected to be assigned gradually by the German company RAM-System until 2010.

Since 1995, INTRACOM Defense Electronics participates in the program for the design and development of ESSM’s telemetry electronics, which incorporates state-to-the-art missile systems technologies.

With this project the company strengthens its long-term partnerships with the large international defense industries, therefore boosting its international activities. In 2006 the company’s exports reached 67.6% of the turnover.

Moreover, INTRACOM Defense Electronics participates in 2 international tenders published by RAYTHEON, regarding the production of additional ESSM missile’s electronic units with a total budget of $15 million and a 4-year duration.

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