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Thursday, 3 May 2007
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INTRACOM Defense Electronics undertakes new project for NATO program +++
Company's exports reached 67.6% of 2006 turnover
INTRACOM Defense Electronics undertook a new project for the production of electronic units for the NATO ground-to-air Evolved SeaSparrow Missile (ESSM). The project concerns manufacturing of missile's telemetry electronics in the year 2008 and amounts to €1.6 million of a total €7.1 million budget, which is expected to be assigned gradually by the German company RAM-System until 2010.
Since 1995, INTRACOM Defense Electronics participates in the program for the design and development of ESSM's telemetry electronics, which incorporates state-to-the-art missile systems technologies.
With this project the company strengthens its long - term partnerships with the large international defense industries, therefore boosting its international activities. In 2006 the company's exports reached 67. 6% of the turnover.
Moreover, INTRACOM Defense Electronics participates in 2 international tenders published by RAYTHEON, regarding the production of additional ESSM missile's electronic units with a total budget of $15 million and a 4-year duration.
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.
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