CPI Wins $4.9 Million Military Contract

(Comment on this article at http://www.financialwire.net/2009/10/09/cpi-wins-49-million-military-contract/)

October 9, 2009 (FinancialWire) -- CPI International, Inc.'s (NASDAQ: CPII) (Current Market Cap: $183.58 Mil.) Communications & Power Industries, Inc. unit has received a one-year contract for up to $4.9 million to support the Aegis weapons system.

The Aegis weapons system is CPI's largest single defense program. The AN/SPY-1 radar system is the primary air and surface radar on the U.S. Navy Ticonderoga-class cruisers and DDG-51 Arleigh Burke-class destroyers, as well as on several foreign navies' destroyers.

CPI is a provider of microwave, radio frequency, power and control solutions for defense, communications, medical, scientific and other applications.

Under the contract, CPI will provide traveling wave tubes to support the AN/SPY-1D(V) radar system. CPI's TWT shipments for this contract are scheduled to begin in the second half of fiscal 2010 and be completed within 12 months.

The AN/SPY-1D(V) configuration of the radar system is designed to operate in high clutter, near-coast environments.

Palo Alto, California-based Communications & Power Industries 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.

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