| Releases for Year 2002 |
| 10-14-02
| IDT CONTINENTAL ELECTRONICS AWARDED $4.2 MILLION BY U.S. AIR FORCE |
|
| HUNTSVILLE, Ala., Oct. 14 /PRNewswire-FirstCall/ -- Integrated Defense Technologies, Inc.'s IDE, subsidiary, Continental Electronics, has been awarded a Firm Fixed Price indefinite delivery/indefinite quantity (ID/IQ) contract from the U.S. Air Force Warner Robins Air Logistics Center for System Supplies and Support Services. The contract period of performance is for one year with four one-year options. The contract is valued at over $4.2M. Continental Electronics is a premier manufacturer of radio frequency (RF) broadcast transmission equipment and specializes in the design, development and manufacture of leading-edge digital and analog transmitter systems for the global market. Work on this contract will be performed in the Continental Electronics Dallas, Texas, facility.
Integrated Defense Technologies, Inc., is a developer and provider of advanced electronics and technology products to the defense and intelligence industries. IDT products are installed on or used in support of a wide array of military platforms, to enhance their operational performance or extend their useful life. IDT products are incorporated into approximately 250 programs, which, in turn, are installed on or support over 275 platforms. IDT employs more than 1,700 people throughout the United States and Canada.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, the availability of government funding, and general domestic and international business and political conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. |
