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| REMEC Announces $4.7M F/A-22 Radar LRIP Award from Northrop Grumman |
SAN DIEGO--(BUSINESS WIRE)--Oct. 2, 2003--REMEC, Inc. (Nasdaq: REMC) today announced that it has been awarded subcontracts for a total of $4.7M from Northrop Grumman Corporation (NYSE:NOC) for the F/A-22 United States Air Force (USAF) Raptor fighter program in support of the AN/APG-77 Fire Control Radar System. Under these subcontracts, REMEC will deliver 49 different types of filters and modular integrated microwave assemblies in support of the F/A-22 Radar Low Rate Initial Production (LRIP) program. REMEC is scheduled to begin shipments in 2004 and scheduled to complete deliveries in 2005. The new F/A-22 Raptor is the planned USAF replacement aircraft for the currently deployed F-15 Eagle air superiority fighter, providing a revolutionary leap in technology and mission capability. The AN/APG-77 Radar system provides F/A-22 pilots with unprecedented capability, allowing the pilot to track and shoot at multiple threats prior to detection by the adversary. The new solid-state radar antenna technology provides a leap ahead of currently operational radar standards of reliability. Over 280 F/A-22 production aircraft are planned for procurement over the next decade with over 1,000 subcontractors in over 40 states supporting this effort. "We are proud to supply our integrated microwave technology for the advanced F/A-22 Radar as a key supplier to Northrop Grumman," stated Jack A. Giles, president of REMEC Defense & Space. This work will be performed by the REMEC Defense & Space Group with headquarters located in San Diego, California. The REMEC Defense & Space Group employs over 1,000 people developing and producing advanced microwave products for defense and avionics systems for radar, electronic warfare, communication, navigation and identification systems. About REMEC REMEC designs and manufactures microwave and millimeter wave subsystems used in the transmission of voice, video and data traffic over wireless communications networks and provides advanced integrated microwave subsystem solutions for defense and space electronics applications. REMEC is located at 3790 Via de la Valle, Del Mar, CA 92014. For more information, visit the company's Web site at http://www.remec.com or call (858) 505-3713. Statements in this press release that are not historical are forward-looking statements, which involve known and unknown risks and uncertainties. Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors, including, general and industry economic conditions, competition, development factors, operating costs and other risks and uncertainties that are detailed from time to time in our filings with the Securities and Exchange Commission. REMEC is a registered trademark of REMEC, Inc. Other brand or product names are registered trademarks or trademarks of their respective holders. (C) REMEC, Inc., 2003. All rights reserved.
CONTACT: SOURCE: REMEC, Inc. |