Koropi-Athens, Greece, Nov 03, 2014: Continuing its long and successful participation in the PATRIOT air defense systems as well as in the close-in support PHALANX weapon system, IDE (INTRACOM Defense Electronics) has undertaken two (2) new export contracts in the USA amounting to USD 3 million.

The first concerns subsystems of PATRIOT with consignee the US Army, which will be gradually completed until September 2015.

The second contract is for the production of electronic units of PHALANX of RAYTHEON company, will be gradually completed until March 2016 and fulfills global market requirements.

The new contracts extend the long and successful involvement of IDE in programs of worldwide range, while it is worth noting that IDE's exports of high defense technology products to the USA in 2013, correspond to approximately 5% of the total Greek exports to the USA.

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About IDE

 IDE, Greece's leading defense electronics systems provider, is a subsidiary of Intracom Holdings, one of the largest multinational technology groups in Greece. IDE possesses unique know-how in design, development and manufacturing of products that incorporate state-of-the-art technology in tactical military communication systems, encryption devices, command, control and communication systems (C³I), surveillance, reconnaissance and security systems, hybrid electric power and electric energy storage systems, missile electronic components, software for military applications and testing equipment.

IDE participates in international development and production programs, as well as in international cooperations for the production and export of defense equipment and is a registered member on NATO's vendors list. The Company's products and services are deployed in Cyprus, England, France, Germany, Luxemburg (NSPA), Libya, Sweden and the USA.

 For more information please visit: www.intracomdefense.com