Koropi, Greece, June 25, 2012 - INTRACOM Defense Electronics expands its cooperation with RAYTHEON Missile Systems, with a $2.7 million contract, in the frame of the RAM (Rolling Airframe Missile) surface-to-air missile, which is in use by the naval forces of seven (7) countries. In the frame of this agreement, which is the exercise of the option of a previous contract, electronic units of the infrared seeker IR-ELX will be manufactured and deliveries will be completed by December 2012.

The complexity and the high technology required for the manufacturing of the aforementioned systems, establish INTRACOM Defense Electronics as a reliable supplier of RAYTHEON Missile Systems. This contract is in continuation of successful cooperation between the two companies and confirms the high quality level and competitiveness of the Hellenic company.

It's worth mentioning that during the year 2011 INTRACOM Defense Electronics has signed contracts worth of 96,3 mil. €, out of which 99,2% refers to export activities.                           

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  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 inGreece. 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 inBelgium,Cyprus,England,France,Germany, theNetherlands,Spain,Swedenand theUSA.

For more information please visit: www.intracomdefense.com