Communications & Power Industries Receives $13 Million in Follow-On Orders to Support WIN-T Military Communications Program
PALO ALTO, Calif., Feb 05, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Communications & Power Industries, Inc. (CPI) has received an approximately $13 million follow-on award from General Dynamics SATCOM Technologies to support Increment One of the U.S. Army's Warfighter Information Network Tactical (WIN-T) program. With this latest contract, CPI has received more than $26 million in total awards from General Dynamics to support the WIN-T program. CPI, a subsidiary of CPI International, Inc. (Nasdaq: CPII), is a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.
In 2007, General Dynamics selected CPI to supply Ku-band, high-power satellite communications amplifiers for its specialized satcom earth terminals for the WIN-T program. The program could have a total potential value of more than $50 million to CPI over a period of four years.
WIN-T is a tactical communications system that will be the Army's primary battlefield communications network. It is intended for use by warfighters in the field, enabling them to exercise command-and control and synchronize warfighting functions from anywhere on the battlefield. Increment One of WIN-T seeks to provide soldiers with a high-capacity, reliable, secure communications network when they are "at the halt."
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.
Copyright (C) 2009 PR Newswire. All rights reserved