PALO ALTO, Calif., April 5, 2010 /PRNewswire via COMTEX News Network/ -- Communications & Power Industries, Inc. (CPI), a subsidiary of CPI International, Inc. (Nasdaq: CPII), has been awarded a five-year indefinite-delivery/indefinite-quantity contract by Harris Corporation (NYSE: HRS) to support the U.S. Navy's Commercial Broadband Satellite Program (CBSP). To date, CPI has received $3.8 million in orders to provide satellite communications amplifiers for the Force Level Variant (FLV, for large ships) and Unit Level Variant (ULV, for medium-sized ships) portions of the military communications program.
Under the contract, CPI is providing C-band, Ku-band and Tri-band (capable of operating at C-band, X-band and Ku-band frequencies) outdoor amplifiers for Harris' shipboard satellite communications terminals for CBSP. Work is being performed at CPI's Satcom Division in Georgetown, Ontario and Microwave Power Products Division in Palo Alto, Calif. CPI is a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.
CBSP is expected to provide a tenfold increase in broadband communications capabilities for ships at sea, enabling faster and greater transmission of voice, video and data. CBSP satellite communications terminals will augment the U.S. Navy's existing military satellite communications, supporting essential mission requirements and permitting seagoing warfighters to share information and intelligence more quickly and efficiently. The terminals are also intended to improve the quality of life for these warfighters by increasing shipboard access to email, Web browsing, Voice over IP (VoIP) and other online activities.
Under its satellite communications roadmap strategy, the U.S. Navy intends to consolidate the number of existing satellite communication terminal programs from five programs to two: CBSP and the Navy Multiband Terminal (NMT) program. CPI provides amplifiers to support both CBSP and NMT.
About CPI International, Inc.
CPI International, Inc., headquartered in Palo Alto, California, is the parent company of Communications & Power Industries, Inc., a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications. Communications & Power Industries, Inc. develops, manufactures and distributes products used to generate, amplify, transmit and receive high-power/high-frequency microwave and radio frequency signals and/or provide power and control for various applications. End-use applications of these systems include the transmission of radar signals for navigation and location; transmission of deception signals for electronic countermeasures; transmission and amplification of voice, data and video signals for broadcasting, Internet and other types of commercial and military communications; providing power and control for medical diagnostic imaging; and generating microwave energy for radiation therapy in the treatment of cancer and for various industrial and scientific applications.
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. 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; the impact of a general slowdown in the global economy; our significant amount of debt; changes or reductions in the U.S. defense budget; currency fluctuations; U.S. government contracts laws and regulations; changes in technology; the impact of unexpected costs; and inability to obtain raw materials and components. These and other risks are described in more detail in our periodic filings with the Securities and Exchange Commission. As a result of these uncertainties, you should not place undue reliance on these forward-looking statements. 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 publicly revise any forward-looking statement to reflect circumstances or events occurring after the date hereof or to reflect the occurrence of unanticipated events or changes in our expectations.
SOURCE CPI International, Inc.
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