EMCORE (EMKR) Enters Long Term Supply Agreement with Northrop Grumman Aerospace; Potential Value of $17M+
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EMCORE Corporation (NASDAQ: EMKR) announced today that Northrop Grumman Aerospace Systems Sector has entered into a long term supply agreement with EMCORE's Solar Photovoltaics Division to manufacture and deliver high-efficiency, multi-junction solar cells for Northrop Grumman's satellite programs. EMCORE solar cells will help provide power for Northrop Grumman's space-based global climate monitoring capabilities and other satellite missions. The period of performance for the supply agreement is 2009 through 2012, with a potential value of more than $17 million.
The production of the solar cells will take place at EMCORE's state-of-art manufacturing facilities located in Albuquerque, New Mexico, USA.
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