Radant Technologies Division of Communications & Power Industries Awarded Additional $6 Million for Shipboard Satcom Radomes and Reflectors
PALO ALTO, Calif. - December 3, 2014 - The Radant Technologies Division of Communications & Power Industries LLC (CPI) has been awarded follow-on orders in excess of $6 million for the continued production of shipboard satellite communications (satcom) radomes and reflectors. CPI Radant Technologies Division provides advanced composite radomes in several different sizes and frequency configurations for this military satcom program. These radomes and reflectors are part of a larger advanced satcom system that provides reliable maritime communications in frequencies ranging from X-band to Q-band.
"CPI Radant Technologies has been the sole provider of radomes for this shipboard satcom system since its inception, and has delivered hundreds of units for this program. These additional orders signify continued confidence in CPI Radant Technologies' ability to satisfy the end users' needs and the requirements of this complex maritime program with our various product configurations," said Dr. Jean-Claude Sureau, president of CPI Radant Technologies Division.
With these most recent orders, CPI Radant Technologies has booked more than $45 million to date to support this program. Production for this multi-year order will be performed at the CPI Radant Technologies Division facilities in Stow and Clinton, Mass.
About Communications & Power Industries LLC
Communications & Power Industries LLC (CPI), headquartered in Palo Alto, California, is a subsidiary of CPI International Holding Corp. and CPI International, Inc. CPI develops, manufactures and globally distributes components and subsystems used in the generation, amplification, transmission and reception of microwave signals for a wide variety of systems including radar, electronic warfare and communications (satellite and point-to-point) systems for military and commercial applications, specialty products for medical diagnostic imaging and the treatment of cancer, as well as microwave and RF energy generating products for various industrial and scientific pursuits.
Certain statements included above constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements provide our current expectations, beliefs or forecasts of future events. These statements are not guarantees of future performance. Forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual events or results to differ materially from the results projected, expected or implied by these forward-looking statements. These factors include, but are not limited to, competition in our end markets; our significant amount of debt; changes or reductions in the U.S. defense budget; currency fluctuations; goodwill impairment considerations; customer cancellations of sales contracts; U.S. Government contracts; export restrictions and other laws and regulations; international laws; changes in technology; the impact of unexpected costs; the impact of a general slowdown in the global economy; the impact of environmental laws and regulations; inability to obtain raw materials and components; and the impact of unexpected results of, or issues in connection with, dispositions and acquisitions. These and other risks are described in more detail in our periodic filings with the Securities and Exchange Commission. All future written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. We undertake no duty or obligation to (i) publicly revise any forward-looking statement to reflect circumstances or events occurring after the date hereof, (ii) to reflect the occurrence of unanticipated events or changes in our expectations or (iii) to publicly correct or update any forward-looking statement if CPI becomes aware that such statement is not likely to be achieved.
Amanda Mogin, Communications & Power Industries, investor relations, 650.846.3998, firstname.lastname@example.org