Intevac Photonics Announces $16M IDIQ Contract for Apache Helicopter Program
October 04 2021 - 4:05PM
Business Wire
Intevac, Inc. (Nasdaq: IVAC) announced today it was awarded a
five-year, firm-fixed-price,
Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract with a
maximum value of $16.3 million for the continued production of
night vision cameras for the Apache Helicopter's Modernized Pilot
Night Vision Sensor (M-PNVS) program for the U.S. Army.
This contract, from the U.S. Army's PM Apache Office in
Huntsville, Alabama, will provide cameras for new Apache Airframe
builds, Foreign Military Sales (FMS) orders, and spares. This
contract vehicle enables the U.S. Army to procure additional units
through August 2026 at pre-negotiated pricing.
The Electronic Image Intensification camera is based on
Intevac's patented EBAPS® (Electron Bombarded Active Pixel Sensor)
digital imaging sensor for extreme low-light level detection.
“Intevac finished deliveries outfitting the U.S. Apache fleet,
spares and initial FMS customer orders in September of 2020. We are
excited to be delivering additional cameras to support our
warfighters effort,” commented Timothy Justyn, executive vice
president and general manager of Intevac Photonics. “Since becoming
a Prime supplier in 2013, Intevac’s success in fielding cameras to
the U.S. Army played a significant role in winning this
business.”
About Intevac
Intevac was founded in 1991 and has two businesses: Thin-film
Equipment and Photonics.
In our Thin-film Equipment business, we are a leader in the
design and development of high-productivity, thin-film processing
systems. Our production-proven platforms are designed for
high-volume manufacturing of substrates with precise thin film
properties, such as the hard drive media, display cover panel,
solar photovoltaic, and advanced semiconductor packaging markets we
serve currently.
In our Photonics business, we are a recognized leading developer
of advanced high-sensitivity digital sensors, cameras and systems
that primarily serve the defense industry. We are the provider of
integrated digital imaging systems for most U.S. military night
vision programs.
For more information call 408-986-9888, or visit the Company's
website at www.intevac.com.
Forward-Looking Statements
This press release includes statements that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 (the “Reform Act”).
Intevac claims the protection of the safe-harbor for
forward-looking statements contained in the Reform Act. These
forward-looking statements are often characterized by the terms
“may,” “believes,” “projects,” “expects,” or “anticipates,” and do
not reflect historical facts. Specific forward-looking statements
contained in this press release include, but are not limited to;
the timing, size, and/or future funding of the IDIQ production
contract. The forward-looking statements contained herein involve
risks and uncertainties that could cause actual results to differ
materially from the Company’s expectations. These risks include,
but are not limited to: the failure to meet planned shipment dates,
which could have a material impact on our business, our financial
results, and the Company's stock price. These risks and other
factors are detailed in the Company’s periodic filings with the
U.S. Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20211004005890/en/
James Moniz Chief Financial Officer (408) 986-9888
Claire McAdams Investor Relations (530) 265-9899
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