Advanced Integrated Electronic Avionic Module Assemblies for Strategic Combat Aircraft Platform

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received two full rate production follow-on multimillion-dollar contract awards from a U.S. global defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for one of the largest Government DoD programs. Production is expected to begin in 2023 and will continue into mid-year 2025. Terms of the agreement were not disclosed.

The program is for an American family of single-seat, single-engine, all-weather stealth multirole combat aircraft that is intended to perform both air superiority and strike missions. The aircraft is also able to provide electronic warfare and intelligence, surveillance, and reconnaissance capabilities. According to news sources, the aircraft’s prime contractor plans to build over 700 of the various versions of the aircraft through 2030 for sale to the U.S. and its allies.

The first operational supersonic short take-off and vertical landing stealth fighter, the aircraft emphasizes low observables, advanced avionics and sensor fusion that enable a high level of situational awareness and long-range lethality. The U.S. Air Force considers the aircraft to be its primary strike fighter for conducting enemy air defense suppression missions, owing to its advanced sensors and mission systems.

Sypris will produce and test the advanced integrated electronic avionics system modules for the Communications, Navigation and Identification suite of the aircraft. This system supports the simultaneous operation of multiple critical functions, such as identification of friend or foe, precision navigation, and various secure voice and data communications.

“We are pleased to receive these follow-on awards supporting this strategic combat aircraft platform defending our national security and the security of our global allies,” said Mark R. Kane, Vice President & General Manager of Sypris Electronics. “Sypris Electronics has been involved with the production of these complex electronic assemblies for many years, and are honored to continue our long-standing partnership with this important customer.”

Sypris Electronics is a trusted provider of engineering and manufacturing services for complex, mission-critical electronic solutions for customers in the Defense, Space, Deep Sea Communications and Industrial markets. Backed by over 50 years of experience, the Company specializes in producing electronics for high-cost-of-failure applications. For more information, please visit www.sypriselectronics.com.

Forward-Looking Statements

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