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Date Announced: 19 Feb 2013
Deals for Electro-Optical Targeting System (EOTS) and "Sniper" Advanced Targeting Pod (ATP) Shroud Assemblies.
PITTSBURGH, Feb. 19, 2013 (GLOBE NEWSWIRE) -- II-VI Incorporated (IIVI) today announced an agreement between its subsidiary Exotic Electro-Optics and Lockheed Martin (LMT) for two multi-year purchasing agreements. Financial terms of the agreements were not disclosed.
The first is for Lockheed Martin's F-35 Electro-Optical Targeting Sensor (EOTS) and the second is for Lockheed Martin's Sniper Advanced Targeting Pod (ATP). Purchase orders from this agreement will be reflected as bookings based on the II-VI bookings policy of reporting customer orders received that are expected to be converted into revenues during the next 12 months.
Francis J. Kramer, President and Chief Executive Officer of II-VI Incorporated, stated, "These agreements reflect our continued commitment to programs which utilize our infrared materials and expertise for Intelligence, Surveillance and Reconnaissance (ISR) applications, and specifically to the EOTS and Sniper ATP programs. These agreements underscore our ability to meet and exceed the challenges represented by these demanding programs."
Source: II-VI
E-mail: via web site
Web Site: www.ii-vi.com
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