Press Release Archive

Thursday, 17 March 2005
INTRACOM and DHIEL BGT DEFENSE Sign Contract for the New Air Force IRIS-T Air- to-Air Missile

On 11/03/2005, INTRACOM signed a contract worth 43,2 million Euro with the German company Dhiel BGT Defense (DBD) for the series production of the IRIS-T missile program, concerning the Power Supplies for the missile Guidance Section and Field Test Equipment.

The IRIS-T missile was developed by a six nation international cooperation and is a new, technologically pioneering short range air-to-air missile. The program is an example of a successful international industrial cooperation, in which Greece participates as an equal partner through the General Secretariat of Financial Planning and Defence Investments and the Hellenic Air Force, which has selected the IRIS-T missile in order to equip its combat aircraft.

Within the framework of the IRIS-T program INTRACOM undertook the complete development of the above mentioned units, as well as the telemetry sections, which incorporate state of the art technologies in the area of missile systems. Since the beginning of the program, INTRACOM has already successfully fulfilled development and Pilot lot production contracts, worth 13 million Euro and the developed prototypes have been successfully utilized in test fields.

The fulfillment of the armament needs of the Armed Forces through participation in similar international development programs assures the timely and economical procurement of modern, high tech weapon systems. Hellas' participation in the IRIS-T program lays the foundation for future involvement of Hellenic defense industries in international development programs with the prospect of reinforcing the role of the Hellenic defence industry, acquiring valuable know-how and secures cooperation's with large defence companies abroad.

About INTRACOM

Founded in 1977 and listed on the Athens Stock Exchange since 1990, INTRACOM is the largest integrated ICT services provider and electronics manufacturing industry in Greece, for Telecommunications, Public Administration, Banking & Enterprise, and Defense sectors. In 2004, the 5300-strong INTRACOM Group reached €620.4 mil in sales and €43.1 mil in profits before tax. Export sales account for over 45% of the company's annual turnover. INTRACOM products, solutions and services reach the markets of over 50 countries all over the world, focusing on the Balkans, the EU and Eastern Europe, as well as the USA, the Middle East, North Africa, the former republics of the USSR and Southeast Asia. The company also participates in the share capital of 22 companies worldwide, which constitute the INTRACOM Group. INTRACOM's vision is to participate as a key international player in the modernization process of regional economies.