INTRACOM S.A. HOLDINGS
Contract signed between Intracom and Raytheon
On April 4th 2003, INTRACOM signed an agreement with RAYTHEON for the production of electronic subsystems of the ASPIS II internal electronic countermeasures suite of the F16 Air Force aircrafts.
The contract in question, worth 34.5 million USD, incorporates the manufacture and final testing of these electronic units at INTRACOM facilities in Peania, Attica. The overall project undertaken by INTRACOM is expected to expand in the co-production of ASPIS additional units; consequently, the entire project, eventually undertaken by INTRACOM within the framework of the ASPIS II program, will exceed 42 million USD. At this point, it should be noted it is INTRACOM's infrastructure, experience, and technical expertise that enable the manufacture of those systems at its modern facilities in Greece.
This project is a continuation of the so far solid and fruitful cooperation between INTRACOM and RAYTHEON in the area of Defense.