Advanced Photonix Gets $1.56M Contract for Navy Missile Program
ANN ARBOR -- Advanced Photonix (NYSE MKT: API) Monday announced an order from the United States Navy for $1,562,072 within the next 20 months.
The order is for a custom photodiode used for the Navy's guided missile systems. The missile is a supersonic, light-weight, quick-reaction, fire-and-forget weapon designed to destroy anti-ship missiles. Its autonomous dual-mode passive radio frequency-to-infrared guidance design, requiring no shipboard support after missile launch, uniquely provides high-firepower capability for engaging multiple threats simultaneously.
"This missile program has been one of the Navy's most reliable missile guided systems and API is proud to continue to be a part of this successful endeavor, said Jean-Pierre Maufras, general manager of API's Optosolutions Group. "We have been continuously working with the OEM to improve the products and its reliability and we are delighted to see our hard work rewarded by this vote of confidence. This is an ongoing program and we are confident we will see additional business in the near future as we are well positioned to support our customer efforts spanning to 2020."
Advanced Photonix offers optoelectronic products, high-speed optical receivers and terahertz instrumentation for telecom, homeland security, military, medical and industrial markets.
More at www.advancedphotonix.com.
