PALO ALTO, Calif., Feb. 3, 2011 /PRNewswire/ --
Raytheon Company (NYSE: RTN) has awarded Communications & Power
Industries, Inc. (CPI) an approximately $18
million contract to support the Jackal passive infrared
defeat systems for the U.S. Army. Work under this contract
will be performed at CPI's Satcom Division in Georgetown, Ontario and its Microwave Power
Products Division in Palo Alto,
Calif. CPI is a subsidiary of CPI International, Inc.
(Nasdaq: CPII).
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About CPI International, Inc.
CPI International, Inc., headquartered in Palo Alto, California, is the parent company
of Communications & Power Industries, Inc., a leading provider
of microwave, radio frequency, power and control solutions for
critical defense, communications, medical, scientific and other
applications. Communications & Power Industries, Inc.
develops, manufactures and distributes products used to generate,
amplify, transmit and receive high-power/high-frequency microwave
and radio frequency signals and/or provide power and control for
various applications. End-use applications of these systems
include the transmission of radar signals for navigation and
location; transmission of deception signals for electronic
countermeasures; transmission and amplification of voice, data and
video signals for broadcasting, Internet and other types of
commercial and military communications; providing power and control
for medical diagnostic imaging; and generating microwave energy for
radiation therapy in the treatment of cancer and for various
industrial and scientific applications.
Certain statements included above constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements provide our
current expectations, beliefs or forecasts of future events.
Forward-looking statements are subject to known and unknown
risks and uncertainties, which could cause actual events or results
to differ materially from the results projected, expected or
implied by these forward-looking statements. These factors
include, but are not limited to, risks associated with our
pending merger agreement with an affiliate of The Veritas Capital
Fund IV (including the risk that the merger may not be
consummated); competition in our end markets; our significant
amount of debt and our ability to refinance our debt; changes or
reductions in the U.S. defense budget; currency fluctuations;
goodwill impairment considerations; customer cancellations of sales
contracts; U.S. Government contracts; export restrictions and other
laws and regulations; international laws; changes in technology;
the impact of unexpected costs; the impact of a general slowdown in
the global economy; the impact of environmental laws and
regulations; and inability to obtain raw materials and
components. These and other risks are described in
more detail in our periodic filings with the Securities and
Exchange Commission. As a result of these uncertainties, you
should not place undue reliance on these forward-looking
statements. All future written and oral forward-looking
statements attributable to us or any person acting on our behalf
are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
us. We undertake no duty or obligation to publicly revise any
forward-looking statement to reflect circumstances or events
occurring after the date hereof or to reflect the occurrence of
unanticipated events or changes in our expectations.
SOURCE CPI International, Inc.