PALO ALTO, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Communications &
Power Industries, Inc. (CPI), a leading provider of microwave, radio
frequency, power and control solutions for critical defense,
communications, medical, scientific and other applications has received two
defense contract awards totaling up to $13.5 million, including a $9.7
million indefinite- delivery/indefinite-quantity award to support a radar
system and a $3.8 million award to support an airborne towed decoy system.
Work on both contracts will be performed at CPI's Microwave Power Products
Division in Palo Alto, Calif. CPI is a subsidiary of CPI International,
Inc. (Nasdaq: CPII).
(Logo: http://www.newscom.com/cgi-bin/prnh/20060426/CPILOGO)
The $9.7 million indefinite-delivery/indefinite-quantity contract award
was granted by the U.S. Air Force for the repair and replacement of hybrid
traveling wave tube and klystron, or twystron, technology in support of a
high-power radio frequency amplifier for the TPS-75 radar system. Under the
terms of the contract, CPI will provide repair services for up to 150
twystrons for the TPS-75 radar system over a five year period. The firm-
fixed-price contract was awarded to CPI by the 84th Combat Sustainment Wing
at Hill Air Force Base, Utah.
"CPI's twystron is a critical element of the TPS-75 radar system, which
is the backbone of the U.S. Air Force's air defense system," said Bob
Fickett, president and chief operating officer of CPI. "We are pleased to
have a long- term role in supporting the sustainment of this important
radar system." The TPS-75 radar system is a mobile, tactical radar system
capable of providing azimuth, range, height and Identification Friend or
Foe (IFF) information for an area of 240 nautical miles. This transportable
radar system provides long- range radar data to support operations and
control of tactical aircraft, and presents "real-time" radar airspace
pictures and data via radio, telephone, microwave relay or satellite
communications link.
The $3.8 million contract award is for the production of traveling wave
tubes to be used in the ALE-50 towed decoy system. The contract was awarded
by Raytheon Company's Electronic Warfare Systems organization in Goleta,
Calif.
The ALE-50 system has played a key role in aircraft self-protection for
several military conflicts and is currently operational on F-16, B-1B and
F/A- 18 aircraft. CPI has been producing traveling wave tubes (TWTs) for
the system since 1992. The production contract calls for the delivery of
TWTs through September 2008.
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 and
transmit 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 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, our ability to consummate the described
bank financing on reasonable terms, competition in our end markets; our
significant amount of debt; changes or reductions in the U.S. defense
budget; U.S. government contracts laws and regulations; changes in
technology; the impact of unexpected costs; inability to obtain raw
materials and components; and currency fluctuations. 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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CONTACT:
Amanda Mogin, Communications & Power
Industries, investor relations, +1-650-846-3998,
amanda.mogin@cpii.com
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