Intracom S A : New Cooperation IDE and RAYTHEON for PATRIOT Systems

PRESS RELEASE

New Cooperation IDE and RAYTHEON for PATRIOT Systems

Koropi, Athens, Greece, April 22nd, 2019: IDE (INTRACOM Defense Electronics) extends its cooperation with US based Raytheon company in the manufacturing of subsystems for the PATRIOT air defense system with the signature of new contracts.

The new work allocated to IDE is worth USD 61,5 million and is scheduled to be completed by June 2021. A significant part of the project will be allocated by IDE to other Greek companies, thus positively contributing in the local industrial production and the financial strengthening of the country.

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About IDE

IDE, Greece's leading defense electronics and communication systems company, is active in the defense and homeland security sectors. IDE is a subsidiary of Intracom Holdings, one of the largest multinational technology groups of Greece. IDE possesses significant know-how in design, development and manufactures products and systems that incorporate leading own-developed technologies in tactical military communications, information security, command and control systems (C³I), surveillance, reconnaissance and security systems, hybrid electric power systems, various unmanned vehicles (UAVs and USVs), missile electronics, and military software applications.

IDE participates in international development and production programs, as well as in international cooperations for the production and export of defense equipment and is a registered NATO supplier. The company's customer and product end-user portfolio includes Czechia, Cyprus, Finland, France, Germany, Indonesia, Lithuania, Luxemburg (NATO/NSPA), Spain, Sweden, UK and the USA.

For more information please visit: www.intracomdefense.com