Jenoptik Completes 5-year Defense Frame Agreements With US Government

The agreements have a value of more than 35 million US dollars (32.5 million euros) and were contracted with the US Government. They include the delivery of spare parts for electric generators, which provide energy to the defense system, as well as engine kits, reset kits and recapitalization kits for the Patriot systems. The kits keep the power generating equipment in operational condition and thus support the US Army Communications Electronics Command (CECOM) maintenance program.

Jenoptik develops and produces the components in the United States at its El Paso (Texas) site and in Germany at its Altenstadt (Bavaria) site. The orders will contribute to revenue and earnings of Jenoptik’s Defense & Civil Systems segment for 2016 and up to 2021.

Raytheon’s Global Patriot Solutions is providing comprehensive protection against a full range of advanced threats, including tactical ballistic missiles, cruise missiles and unmanned aerial vehicles. Patriot is continually upgraded and enhanced to leverage the latest technology. Thirteen nations depend on Patriot as the foundation for their defense.

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Global Military UAV Market Forecast to 2022

Source: JENOPTIK AG
Date: Nov 7, 2016