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Article: CPI Wins $4.9 Million Military Contract.
- Article from:
- Investrend
- Article date:
- October 9, 2009
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Oct 09, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/10/09/cpi-wins-49-million-military-contract/)
October 9, 2009 (FinancialWire) -- CPI International, Inc.'s (NASDAQ: CPII) (Current Market Cap: $183.58 Mil.) Communications & Power Industries, Inc. unit has received a one-year contract for up to $4.9 million to support the Aegis weapons system.
The Aegis weapons system is CPI's largest single defense program. The AN/SPY-1 radar system is the primary air and surface radar on the U.S. Navy Ticonderoga-class cruisers and DDG-51 Arleigh Burke-class destroyers, as well as on several foreign navies' ...