July 22, 2019 | International, Aerospace, Land, C4ISR
Intevac, Inc. (Nasdaq: IVAC) announced today it has received a $40 million contract award for the multi-year production of digital night vision cameras in support of the U.S. Government.
“With this new order and increased backlog, we now have multi-year visibility for our manufacturing operations, and continued validation of our digital night vision technology.”
“This award represents the largest single booking to date for Intevac Photonics, and increases our Photonics backlog to the historic level of just over $83 million,” commented Timothy Justyn, executive vice president and general manager of Intevac Photonics. “This award closely follows awards for both the U.S. Army's IVAS ground soldier program, and the Apache Helicopter's Pilot Night Vision Sensor (PNVS) foreign military sales announced last December, demonstrating Intevac's commitment to delivering the latest digital night vision technology to our Warfighters.”
“We are very proud to have received this substantial order for our digital night vision technology,” added Wendell Blonigan, president and chief executive officer of Intevac. “With this new order and increased backlog, we now have multi-year visibility for our manufacturing operations, and continued validation of our digital night vision technology.”
Intevac's digital night-vision sensors, based on its patented Electron Bombarded Active Pixel Sensor (EBAPS®) technology, provide state-of-the-art capability to the most advanced avionic fighting platforms in the U.S. Department of Defense inventory.
Intevac was founded in 1991 and has two businesses: Thin-film Equipment and Photonics.
In our Thin-film Equipment business, we are a leader in the design and development of high-productivity, thin-film processing systems. Our production-proven platforms are designed for high-volume manufacturing of substrates with precise thin film properties, such as the hard drive media, display cover panel, and solar photovoltaic markets we serve currently.
In our Photonics business, we are a recognized leading developer of advanced high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. We are the provider of integrated digital imaging systems for most U.S. military night vision programs.
For more information call 408-986-9888, or visit the Company's website at www.intevac.com .
This press release includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). Intevac claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to; the multi-year visibility of camera deliveries. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the company's expectations. These risks include, but are not limited to: changes in planned shipment dates, which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's periodic filings with the U.S. Securities and Exchange Commission.
Source: Intevac, Inc.http://www.asdnews.com/news/defense/2019/07/18/intevac-receives-record-40-m-digital-night-vision-contract-award
March 11, 2021 | International, Aerospace
The Pentagon and Lockheed Martin have settled over hundreds of millions of US dollars in labour costs that the armed services incurred in managing non-ready-for-issue (non-RFI), or installation, spare parts for its fleet of F-35 Lightning II...
October 2, 2019 | International, Land
September 30, 2019 - Rheinmetall to manufacture main armament and hulls for PzH 2000 self-propelled howitzer and Leopard 2 main battle tank. Rheinmetall is taking on an important role in the modernization of the Hungarian Army. The Düsseldorf-based Group is producing the main armament and fire control technology for forty-four Leopard 2 main battle tanks as well as the main armament, fire control technology and chassis for twenty-four PzH 2000 self-propelled howitzers. The package also encompasses thirteen HX and TGS logistic trucks. The contract, worth around €300 million, was recently signed. Delivery begins in 2021 and will be completed in 2025. Rheinmetall has partnered with Krauss-Maffei Wegmann (KMW) to carry out the project. In December 2018 KMW won an order from the Hungarian armed forces for forty-four new Leopard 2A7+ tanks and 24 new PzH 2000 self-propelled howitzers. This will make Hungary the 19th Leopard 2 user nation and the eighth nation to opt for the PzH2000. As well as having design authority, Rheinmetall is the original equipment manufacturer (OEM) of the 120mm smoothbore technology used in all versions of the Leopard 2 tank. The same is true of the 155mm L52 main gun of the PzH 2000 self-propelled howitzer. Tried and tested around the globe, the Group's 120mm smoothbore gun and ammunition have been continuously perfected right from the start. The higher-pressure 120mm L55A1 gun earmarked for the Leopard 2A7+ was successfully qualified at the end of 2017, and already supplied and installed for two Leopard 2 user nations in mid 2018. Moreover, the L55A1 tank gun is capable of firing the programmable DM11 multipurpose round. In addition, Rheinmetall possesses comprehensive expertise in the field of tracked armoured vehicles, including as an OEM. The Group developed the chassis of the PzH self-propelled howitzer. https://www.rheinmetall-defence.com/en/rheinmetall_defence/public_relations/news/latest_news/index_21504.php
September 12, 2023 | International, Aerospace
Britain's BAE Systems , Japan's Mitsubishi Heavy Industries , and Italy's Leonardo have agreed the next steps to deliver the concept phase of a next-generation combat aircraft, BAE Systems said on Tuesday.