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Last updated on May 26, 2012 at 11:48 EDT

Communications & Power Industries Awarded Raytheon Contract to Support U.S. Navy’s Navy Multiband Terminal Satellite Communications Program

January 26, 2009
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PALO ALTO, Calif., Jan. 26 /PRNewswire-FirstCall/ — Communications &
Power Industries, Inc. (CPI), a subsidiary of CPI International, Inc.
(Nasdaq: CPII), a leading provider of microwave, radio frequency, power and
control solutions for critical defense, communications, medical, scientific
and other applications, has been selected by Raytheon Company (NYSE: RTN)
and awarded an initial contract of more than $1 million to support the
pre-production phase of the U.S. Navy’s Multiband Terminal (NMT) program.
Through a competitive-bidding process, Raytheon Network Centric Systems
selected CPI’s high-power X-band SuperLinear(TM) traveling wave tube amplifier
for the NMT military satellite communications (satcom) program. If all option
years’ production and spares are exercised, CPI expects the total cumulative
value of the approximately four-year program to be in excess of $20 million.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060426/CPILOGO)

Under a contract from the U.S. Navy, Raytheon Network Centric Systems
developed and supports the NMT advanced satcom system, consisting of shipboard
and shore-based communication terminals for the transformational
communications component of the U.S. Navy’s FORCEnet architecture. The NMT
solution, which is expected to provide the next generation of satcom systems,
replacing several existing satcom systems, adds significant new maritime
communications capability to ships, submarines and shore stations.

“We are delighted by Raytheon’s selection of CPI high-power amplifiers to
support such a critical military satcom program,” said Joe Caldarelli, chief
executive officer of CPI. “CPI’s high-power SuperLinear traveling wave tube
amplifier provides exceptional power efficiency, extremely long life and
advanced control and monitor capabilities while operating in a rugged
environment, and we are proud to provide this advanced, state-of-the-art
technology for the U.S. Navy’s Multiband Terminals.”

CPI’s Satcom Division and Microwave Power Products Division will perform
work on this contract. CPI expects to make the first shipments under this
contract in the first half of fiscal 2009.

About CPI International, Inc.

CPI International, Inc., headquartered in Palo Alto, California, is the
parent company of Communications & Power Industries, Inc., a leading provider
of microwave, radio frequency, power and control solutions for critical
defense, communications, medical, scientific and other applications.
Communications & Power Industries, Inc. develops, manufactures and
distributes products used to generate, amplify, transmit and receive
high-power/high-frequency microwave and radio frequency signals and/or provide
power and control for various applications. End-use applications of these
systems include the transmission of radar signals for navigation and location;
transmission of deception signals for electronic countermeasures; transmission
and amplification of voice, data and video signals for broadcasting, Internet
and other types of commercial and military communications; providing power and
control for medical diagnostic imaging; and generating microwave energy for
radiation therapy in the treatment of cancer and for various industrial and
scientific applications.

Certain statements included above constitute “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements provide our current expectations, beliefs or
forecasts of future events. Forward-looking statements are subject to known
and unknown risks and uncertainties, which could cause actual events or
results to differ materially from the results projected, expected or implied
by these forward-looking statements. These factors include, but are not
limited to, our ability to consummate the described bank financing on
reasonable terms, competition in our end markets; our significant amount of
debt; changes or reductions in the U.S. defense budget; U.S. government
contracts laws and regulations; changes in technology; the impact of
unexpected costs; inability to obtain raw materials and components; and
currency fluctuations. These and other risks are described in more detail in
our periodic filings with the Securities and Exchange Commission. As a result
of these uncertainties, you should not place undue reliance on these
forward-looking statements. All future written and oral forward-looking
statements attributable to us or any person acting on our behalf are expressly
qualified in their entirety by the cautionary statements contained or referred
to in this section. New risks and uncertainties arise from time to time, and
it is impossible for us to predict these events or how they may affect us. We
undertake no duty or obligation to publicly revise any forward-looking
statement to reflect circumstances or events occurring after the date hereof
or to reflect the occurrence of unanticipated events or changes in our
expectations.

SOURCE CPI International, Inc.


Source: newswire