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Thursday,
17 March 2005
+++ INTRACOM and DHIEL BGT DEFENSE Sign Contract for the
New Air Force IRIS-T Air- to-Air Missile
+++
On 11/03/2005, INTRACOM signed a contract worth 43,2
million Euro with the German company Dhiel BGT Defense (DBD) for the series
production of the IRIS-T missile program, concerning the Power Supplies
for the missile Guidance Section and Field Test Equipment.
The IRIS-T missile was developed by a six nation international
cooperation and is a new, technologically pioneering short range air-to-air
missile. The program is an example of a successful international industrial
cooperation, in which Greece participates as an equal partner through
the General Secretariat of Financial Planning and defense Investments
and the Hellenic Air Force, which has selected the IRIS-T missile in order
to equip its combat aircraft.
Within the framework of the IRIS-T program INTRACOM
undertook the complete development of the above mentioned units, as well
as the telemetry sections, which incorporate state of the art technologies
in the area of missile systems. Since the beginning of the program, INTRACOM
has already successfully fulfilled development and Pilot lot production
contracts, worth 13 million Euro and the developed prototypes have been
successfully utilized in test fields.
The fulfillment of the armament needs of the Armed Forces
through participation in similar international development programs assures
the timely and economical procurement of modern, high tech weapon systems.
Hellas' participation in the IRIS-T program lays the foundation for future
involvement of Hellenic defense industries in international development
programs with the prospect of reinforcing the role of the Hellenic defense
industry, acquiring valuable know-how and secures cooperation's with large
defense companies abroad.
About INTRACOM
Founded in 1977 and listed on the Athens Stock Exchange since 1990, INTRACOM
is the largest integrated ICT services provider and electronics manufacturing
industry in Greece, for Telecommunications, Public Administration, Banking
& Enterprise, and Defense sectors. In 2004, the 5300-strong INTRACOM
Group reached €620.4 mil in sales and €43.1 mil in profits
before tax. Export sales account for over 45% of the company's annual
turnover. INTRACOM products, solutions and services reach the markets
of over 50 countries all over the world, focusing on the Balkans, the
EU and Eastern Europe, as well as the USA, the Middle East, North Africa,
the former republics of the USSR and Southeast Asia. The company also
participates in the share capital of 22 companies worldwide, which constitute
the INTRACOM Group. INTRACOM's vision is to participate as a key international
player in the modernization process of regional economies.
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