Sypris Receives New Releases Under Electronic Warfare Program

By: Sypris Electronics, LLC via Business Wire

May 02, 2024 at 08:30 AM EDT

System to Add Electronic Attack Capability to Defend Navy Ships

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Deliveries Scheduled to Begin in 2024

Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received additional releases under a multi-year production contract that was first announced in 2022. The order, which provides for Sypris to begin deliveries in 2024, calls for the manufacture and test of electronic assemblies for an additional four systems to be supplied to a U.S. DOD contractor. Terms of the award were not disclosed.

The modules to be produced by Sypris will be integrated into an electronic warfare improvement program for the U.S. Navy. According to news sources, the upgrade will provide the capability to actively jam incoming missiles that threaten a warship, cue decoys and adapt quickly to evolving threats. The improvements to the electronic attack portion will provide integrated countermeasures against radio frequency-guided threats, according to the U.S. Navy.

The U.S. Naval Institute reported that the system’s capability for non-kinetic electronic attack options can be further deployed in additional critical areas. From advanced communications to multi-role waveforms, the multi-function applications of the system will provide enhanced mission capabilities to the U.S. Navy Fleet while presenting opportunities for future reductions in cost, size, weight, and power.

“We are pleased to receive these additional releases under our long-term contract with this important customer,” said Curtis S. Petrie, acting Vice President & General Manager of Sypris Electronics. “We have provided manufacturing and engineering services for this critical program for years, originating with the Engineering and Manufacturing Development phase, before transitioning into Low-Rate Initial Production and more recently into Full-Rate Production. We are certainly proud to increase our support for this strategic, long-term program of the U.S. Navy.”

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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