Sypris wins follow-on Navy electronic warfare contract

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq: SYPR), has received a follow-on contract to manufacture and test electronic power supplies for a U.S. Navy program, according to a press release from the company.

Under the award, Sypris will produce modules for additional systems to be delivered to a U.S. Department of Defense contractor, with deliveries scheduled to begin in 2027. Financial terms were not disclosed.

The assemblies will be integrated into an electronic warfare improvement program for the U.S. Navy. According to public sources cited in the release, the upgrade is designed to actively jam incoming missiles, cue decoys, and adapt to evolving threats. The system will also provide integrated countermeasures against radio frequency-guided threats.

The system is software-defined, allowing transmitters and receivers to adjust waveforms more readily than analog systems. The U.S. Naval Institute has reported that the system's non-kinetic electronic attack capabilities can be deployed across additional areas, with potential future reductions in cost, size, weight, and power consumption.

"Our team has supported this critical program for many years, beginning with the Engineering and Manufacturing Development phase, advancing through Low-Rate Initial Production and continuing into Full-Rate Production," said Mike Sedgwick, Vice President and General Manager of Sypris Electronics.

You May Also Be Interested In

• SK Hynix Seeks Us Approval To Export Chipmaking Equipment To China As Condition For New Us Factory, Sources Say - Reuters
• MFA Financial Inc. (MFA) PT Lowered to $8 at Citizens on Significant Interest Rate Exposure
• Baird Upgrades Bank of America (BAC) to Outperform