INTRACOM S.A. HOLDINGS
PRESS RELEASE-INTRACOM Defense Electronics: New Contract forRadar of the F-16 Aircraft for the International Market
Contract awards are continuing from Northrop Grumman (NYSE: NOC) to INTRACOM Defense Electronics for manufacturing of electronic modules of the AN/APG-68(V)9 radar for the F-16 aircraft to meet needs of the global market.
The new award to INTRACOM Defense Electronics refers to a $2.2 million and duration until September 2012. In the same agreement the expansion of the cooperation is foreseen until the end of 2012 with further expansion of the project to $5.3 million, proving that the Hellenic company based on the high technology and the perfectly trained personnel has become a competitive and reliable partner for industry-leaders in the field of defense.
The new award to INTRACOM Defense Electronics refers to a $2.2 million and duration until September 2012. In the same agreement the expansion of the cooperation is foreseen until the end of 2012 with further expansion of the project to $5.3 million, proving that the Hellenic company based on the high technology and the perfectly trained personnel has become a competitive and reliable partner for industry-leaders in the field of defense.