Skyworks Secures 5-Year Contract with Lockheed Martin
August 19 2008 - 8:00AM
Business Wire
Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high
performance analog and mixed signal semiconductors enabling mobile
connectivity, today announced that it has signed a five-year,
multi-million dollar contract with Lockheed Martin (NYSE: LMT) to
supply high-precision technical ceramic toroids and inserts for the
Aegis Weapon System. This contract win reflects the company�s
increasing diversification into adjacent markets within its Linear
Products business. �By virtue of this strategic contract win,
Skyworks is proud to supply ceramic toroids and inserts in support
of Lockheed-Martin and the U.S. Navy,� said Seth F. Stein, general
manager of Skyworks� advanced ceramic materials business. �This
new, multi-year agreement is a testament to the strength of our
state-of-the art ceramics portfolio. We look forward to continuing
to foster our working relationship with these world-class partners
in defense of our country.� �This five-year contract reflects a key
component of our supplier partnership strategy,� said Orlando
Carvalho, vice president of Lockheed Martin�s Surface and Sea-Based
Missile Defense Systems line of business. �These long term
contracts provide cost efficiencies to the Navy and stability to
our supplier base.� Aegis is the world�s premier naval weapon
system, and is the sea-based component of the nation�s Ballistic
Missile Defense System. The radar and missile package is seamlessly
integrated with its own command-and-control system that iscapable
of countering any existing and emerging threats to naval battle
groups, as well as striking inland targets. In addition, Aegis is
based on the most powerful and robust tactical phased array radar
in the world, the SPY-1. Skyworks is a multi-year winner of the
Program Executive Office Integrated Warfare Systems (PEO IWS)
Excellence Award, which is the highest U.S. Navy honor given to a
civilian company. This highly-regarded award recognizes top
suppliers with exceptional performance in quality, delivery,
affordability and program management. About Ceramic Toroids and
Inserts Ceramic toroids and inserts are critical functional
elements in phased-array radar applications. They are used to
electronically steer the radar beam on aircraft carriers, fighter
planes and in terrestrial environments. Paired with other control
circuitry, the net result is a very reliable electronically steered
radar antenna for better military communications. About
Lockheed-Martin Headquartered in Bethesda, MD, Lockheed Martin is a
global security company that employs about 140,000 people worldwide
and is principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services. The corporation reported 2007 sales
of $41.9 billion. For more information, please visit Lockheed
Martin�s Web site at: www.lockheedmartin.com. About Skyworks
Skyworks Solutions, Inc. is an innovator of high performance analog
and mixed signal semiconductors enabling mobile connectivity. The
company's power amplifiers, front-end modules and direct conversion
radios are at the heart of many of today's leading-edge multimedia
handsets. Leveraging core technologies, Skyworks also offers a
diverse portfolio of linear products that support automotive,
broadband, cellular infrastructure, industrial and medical
applications. Headquartered in Woburn, Mass., Skyworks is worldwide
with engineering, manufacturing, sales and service facilities
throughout Asia, Europe and North America. For more information,
please visit Skyworks� Web site at: www.skyworksinc.com. Safe
Harbor Statement This news release includes "forward-looking
statements" intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. These forward-looking statements include information relating
to future results and expectations of Skyworks (including certain
projections and business trends). Forward-looking statements can
often be identified by words such as "anticipates," "expects,"
"intends," "believes," "plans," "may," "will," "continue," similar
expressions, and variations or negatives of these words. All such
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially and adversely from
those projected, and may affect our future operating results,
financial position and cash flows. These risks and uncertainties
include, but are not limited to: uncertainty regarding global
economic and financial market conditions; the cyclical nature of
the semiconductor industry and the markets addressed by our, and
our customers', products; our ability to develop, manufacture and
market innovative products in a highly price competitive and
rapidly changing technological environment; fluctuations in our
manufacturing yields due to our complex and specialized
manufacturing processes; delays or disruptions in production due to
equipment maintenance, repairs and/or upgrades; our reliance on
several key customers for a large percentage of our sales;
fluctuations in the manufacturing yields of our third party
semiconductor foundries and other problems or delays in the
fabrication, assembly, testing or delivery of our products; the
availability and pricing of third party semiconductor foundry,
assembly and test capacity and raw materials; our ability to timely
and accurately predict market requirements and evolving industry
standards, and to identify opportunities in new markets; the
timing, rescheduling or cancellation of significant customer orders
and our ability, as well as the ability of our customers, to manage
inventory; losses or curtailments of purchases or payments from key
customers, or the timing of customer inventory adjustments; our
ability to rapidly develop new products and avoid product
obsolescence; our ability to retain, recruit and hire key
executives, technical personnel and other employees in the
positions and numbers, with the experience and capabilities, and at
the compensation levels needed to implement our business and
product plans; lengthy product development cycles that impact the
timing of new product introductions; unfavorable changes in product
mix; the quality of our products and any remediation costs; shorter
than expected product life cycles; problems or delays that we may
face in shifting our products to smaller geometry process
technologies and in achieving higher levels of design integration;
economic, social and political conditions in the countries in which
we, our customers or our suppliers operate, including security and
health risks, possible disruptions in transportation networks and
fluctuations in foreign currency exchange rates; our ability to
continue to grow and maintain an intellectual property portfolio
and obtain needed licenses from third parties; and the
uncertainties of litigation, including disputes over intellectual
property, as well as other risks and uncertainties, including but
not limited to those detailed from time to time in our filings with
the Securities and Exchange Commission. These forward-looking
statements are made only as of the date hereof, and we undertake no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.
Note to Editors: Skyworks and Skyworks Solutions are trademarks or
registered trademarks of Skyworks Solutions, Inc. or its
subsidiaries in the United States and in other countries. All other
brands and names listed are trademarks of their respective
companies.
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