Koropi, Athens, Greece, September 3^rd, 2018: Continuing the long and successful participation in the manufacturing of PATRIOT air defense system IDE (INTRACOM Defense Electronics), the leading defense electronics and communication systems manufacturer in Greece, signed a new contract with Raytheon.

The current agreement is worth USD 38.1 million and is scheduled to be completed by July 2020. IDE will allocate significant part of the project to other Greek companies, thus positively contributing in the industrial production of our country.

With this contract IDE based on its capabilities, consistency, quality and cost competitiveness further enhances and solidifies its international presence and orientation.

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About IDE

IDE, Greece's leading Defense Electronics and Communications systems industry, is active in the defense and homeland security sectors. IDE is a subsidiary of Intracom Holdings, one of the largest multinational technology groups of Greece. IDE possesses significant know-how in design, development and manufacture of products and systems that incorporate leading own-developed technologies in tactical military communications, encryption systems, command and control systems (C³I), surveillance, reconnaissance and security systems, hybrid electric power systems, missile electronics, and military software applications.

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 NATO supplier. The Company's customer and product end-user portfolio includes Czechia, Cyprus, Finland, France, Germany, Lithuania, Luxemburg (NATO/NSPA), Spain, Sweden, UK and the USA.

For more information please visit: www.intracomdefense.com