Communication & Power (CPII) Awarded $4.9 Million Aegis Repairs Contract
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Communication & Power Industries, Inc. (CPI) has received a one-year contract for up to $4.9 million to support the Aegis weapons system. CPI, a subsidiary of CPI International, Inc. (Nasdaq: CPII), is a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.
Under the contract, CPI will provide traveling wave tubes (TWTs) to support the AN/SPY-1D(V) radar system on the Aegis weapons system. CPI's TWT shipments for this contract are expected to begin in the second half of fiscal 2010 and be completed within 12 months.
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