Endwave Awarded Production Contract From Boeing
San Jose, Calif.--(BUSINESS WIRE)--Endwave Corporation (Nasdaq:ENWV), a leading provider of high-frequency RF modules for telecommunications networks, defense electronics and homeland security systems, today announced the award of an 18-month production contract from The Boeing Company to supply broadband frequency converters used in the modernization of the United States Air Force's Airborne Warning and Control System (AWACS) 3035 system. AWACS provides survivable airborne surveillance, command, control and communications functions and early warning detection and tracking of low-level targets at extended ranges over land and water.
"This production contract from Boeing is another important and exciting win for Endwave in the defense electronics market," said Ed Keible, Endwave's President and Chief Executive Officer. "For several years we've invested aggressively in our defense business, including several ongoing programs for Boeing, and we are excited to see this investment paying off in the form of long-term production contracts such as this."
About Endwave
Endwave Corporation designs, manufactures and markets RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems. These RF modules include high-frequency integrated transceivers, amplifiers, synthesizers, oscillators, up and down converters, frequency multipliers and microwave switch arrays. Endwave has 43 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in San Jose, CA, with operations in Diamond Springs, CA; El Dorado Hills, CA; Andover, MA; and Chiang Mai, Thailand. Additional information about the Company can be accessed from the Company's web site at www.endwave.com.
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This press release may contain forward-looking statements within the meaning of the Federal securities laws and is subject to the safe harbor created thereby. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including statements concerning anticipated deliveries and product performance. Words such as "plan," "intend," "expect," "believe," "anticipate" and similar expressions are intended to identify these forward-looking statements. Information contained in forward-looking statements is based on current expectations and is subject to change. Actual results could differ materially from the forward-looking statements due to many factors, including the following: our successful implementation of next-generation programs, including inventory transitions; our suppliers' abilities to deliver raw materials to our specifications and on time; our ability to penetrate new markets; our reliance on third-party manufacturers and semiconductor foundries; volatility resulting from consolidation of key customers; our ability to achieve revenue growth and maintain profitability; our customer and market concentration; fluctuations in our operating results from quarter to quarter; acquiring businesses and integrating them with our own; component, design or manufacturing defects in our products; our dependence on key personnel; and fluctuations in the price of our common stock. Forward-looking statements contained in this press release should be considered in light of these factors and those factors discussed from time to time in Endwave's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" in Endwave's most recent Annual Report on Form 10-K, and subsequently-filed reports on Form 10-Q. Endwave does not undertake any obligation to update such forward-looking statements.
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