Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Pentagon and Anthropic Clash Over AI Safeguards in National Security Use 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
|
|||
CONTACT: Katherine Heisler
Marketing Communications
Tel: 315.362.0471
ANAREN RECEIVES $31.0 MILLION CONTRACT TO SUPPORT RADAR PRODUCTION
Syracuse, NY – May 30, 2017 | Anaren, Inc. announced today that it has received an order from Raytheon Integrated Defense Systems for $31.5 million for complex RF Beamforming assemblies in support of the U.S. Navy’s new AN/SPY-6(V) Air and Missile Defense Radar (AMDR). Work will begin immediately at Anaren’s East Syracuse, NY facility, with support from its facilities in Salem, NH and Littleton, CO.
This contract is part of the AN/SPY-6(V) Low Rate Initial Production (LRIP) phase of the program, recently awarded to Raytheon. The value to Anaren is approximately $97 million, if all included LRIP options are exercised.
The AN/SPY-6(V) AMDR is the Navy's next generation integrated air and missile defense radar planned for the DDG 51 Flight III Arleigh Burke-class destroyers. Raytheon is the prime contractor on the Navy program, responsible for the design, development, integration, and testing of the new, highly scalable, and energy-efficient advanced radar system for the detection of ballistic missiles and air/surface targets.
“Anaren’s use of unique beamformer design technology and vertically integrated production packaging techniques enables us to deliver high performance, complex RF assemblies critical to the mission requirements for the radar,” said Mark Kosalek, Anaren Vice President of Business Development. “We look forward to a continued partnership with Raytheon on this vital program, as well as any future derivative systems that the U.S. Navy may require for the defense of our warfighters.”
###
ABOUT ANAREN
Celebrating its 50th year in business, Anaren, Inc. designs, manufactures and sells custom high-frequency solutions and standard components for the wireless communications, space and defense electronics, wireless consumer electronics, and IoT markets. Additional information can be found on the company’s website: www.anaren.com
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fe4e2381-ae81-4606-ad64-ed4eace5ee68
Katherine Heisler Anaren, Inc. 315-362-0471 [email protected]
