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DALLAS, Texas, Sept. 10, 2004. Integrated Performance Systems, a printed circuit board and electronics component manufacturer located in Frisco, Texas, announced today that it has recently received an order in excess of $550K for components used in the Tomahawk Land Attack Missile.
The Tomahawk Land Attack Missile (TLAM) is a long range, subsonic cruise missile used for land attack warfare, launched from U.S. Navy surface ships and U.S. Navy and Royal Navy submarines. The order consists primarily of components that would be used in the Tomahawk Land Attack Missile guidance systems.
Tomahawk cruise missiles are designed to fly at extremely low altitudes, at high subsonic speeds and are piloted over an evasive route by several mission tailored guidance systems. The first operational use was in Operation Desert Storm in 1991, with immense success. The missile has since been used successfully in several other conflicts.
D. Ronald Allen, President and CEO of Integrated Performance Systems stated, "Many of our customers are prime contractors to the military and department of defense. They see the obvious benefits of our manufacturing services and capabilities. This recent order simply reflects the meaningful improvement in order volumes we've been expecting to achieve from these long standing customers."
Allen continued, "Overall market conditions remain favorable as our company celebrates it 25th anniversary. Our balance sheet continues to strengthen, as we remain dedicated to our primary goal of attaining profitable results, satisfying the needs of our customers, reducing costs, and continuing improvements in operational performance."
Integrated Performance Systems manufactures complex multi-layer printed circuit boards used in high-power microwave interconnect solutions, antennas, integrated substrate components, and sub-system assemblies. IPFS provides its customers with an integrated manufacturing solution that encompasses all stages of an electronic product's life cycle from prototype through volume production. The company's customers include original equipment manufacturers and electronic manufacturing service providers that serve rapidly growing segments of the electronics industry. For more information, see www.integratedperformancesystems.com.
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