INTRACOM Defense Electronics (IDE) has announced it has signed new export contracts worth $2.7m, which will be completed in 2014.

The contracts are with American company Northrop Grumman for the manufacturing of electronics of the radar warning receiver of self-protection systems for F-16 aircraft and with German company Diehl BGT Defence for subsystems of the short-range air-to-air IRIS-T missile.

The new contracts follow the excellent and long-term cooperation of IDE with two leading defence industries in the global market, thereby strengthening the export activities of the Hellenic company, which in 2012 amounted to 98.1% of its annual turnover.