Communications & Power Industries Awarded $15 Million Contract to Support Aegis Weapons System

PALO ALTO, Calif., July 25, 2011 /PRNewswire/ -- The Econco Division of Communications & Power Industries LLC (CPI) has been awarded a five-year contract for up to approximately $15 million from the U.S. Navy.  Under the firm-fixed-price contract, CPI will repair/remanufacture tetrodes to support the AN-SPY-1 radar system on the Aegis weapons system.

(Logo: http://photos.prnewswire.com/prnh/20060426/CPILOGO)

The contract was awarded by the U.S. Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) in Mechanicsburg, Pa.  Work on the contract will be completed at CPI Econco Division in Woodland, Calif.

CPI has supported the Aegis weapons system, one of its most significant defense programs, for more than 30 years.  The AN/SPY-1 radar system is a multifunctional, phased-array radar.  It is the primary air and surface radar on the U.S. Navy Ticonderoga-class (CG-47) cruisers and Arleigh Burke-class (DDG-51) destroyers, as well as on the destroyers of several foreign navies.

About CPI International, Inc.

CPI International, Inc., headquartered in Palo Alto, California, is the parent company of Communications & Power Industries LLC, a leading provider of microwave, radio frequency, power and control solutions for critical defense, communications, medical, scientific and other applications.  Communications & Power Industries LLC 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, competition in our end markets; our significant amount of 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.

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