Patriot air and missile defense system

INTRACOM Defense Electronics, the largest Hellenic defense electronic systems manufacturer, has signed a new contract regarding the patriot air and missile defense system with RAYTHEON.

The current agreement is worth $83.2 million and will be completed by the end of 2015.

Furthermore INTRACOM will allocate to other Greek companies a significant part of the project thus positively contributing in the industrial production of Greece.

With this contract INTRACOM, based on its manufacturing capabilities, consistency, quality and cost competitiveness, will further enhance and solidify its international presence and orientation, as indicated by the export activities that exceeded 98% of the company’s 2011 turnover.