INTRACOM Defense Electronics undertook a new project for the production of electronic units for PHALANX, RAYTHEON's naval close-in-support weapon system. The 2.2 mil. USD contract will be gradually executed until 2010 and will cover requirements of PHALANX systems worldwide.
The project constitutes a continuation of a previous agreement, which concerned the co-production of PHALANX systems. At the same time, it expands the long-standing and successful cooperation between INTRACOM Defense Electronics and RAYTHEON, one of the leading international defense groups of companies, which has certified the Greek company for the production of high-level technology electronic systems.
This contract further strengthens INTRACOM Defense Electronics' export activity, as the company's exports in 2006 corresponded to 67.6% of its annual revenue.
About INTRACOM DEFENSE ELECTRONICS
INTRACOM DEFENSE ELECTRONICS, Greece's largest defense electronics systems provider, is a subsidiary of INTRACOM HOLDINGS, one of the largest multinational technology groups in Greece. The company designs, develops and manufactures state-of-the-art military communication systems, encryption devices, command, and communication systems (C³), missile electronic components, radars, simulators, and testing equipment. INTRACOM DEFENSE ELECTRONICS participates in a number of domestic as well as international R&D and co-production programmes, and is a registered member on NATO's vendors list. The company's products and services are deployed in Belgium, Cyprus, France, Germany, the Netherlands, Spain, Sweden and the USA. For more information please visit: www.intracomdefense.com.