Custom MMIC Awarded Legacy Raytheon Business Supplier Excellence Distinction for the Fourth Consecutive Year
June 24 2020 - 8:15AM
Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions
that connect the world, today announced that Custom MMIC, which was
acquired by Qorvo in February, has been awarded a 4-Star Supplier
Excellence Award by Raytheon Technologies’ legacy Integrated
Defense Systems business (now Raytheon Missiles and Defense) for
2019 performance. The supplier excellence program was instituted to
recognize quality, on-time delivery and commitment to continuous
improvement. This is the fourth consecutive year that Custom MMIC
received the prestigious honor.
James Klein, president of Qorvo’s Infrastructure and Defense
Products (IDP), said, “The 4-Star award is presented by Raytheon’s
legacy Integrated Defense Systems business to suppliers that
achieve excellence in quality and performance. We are proud of
Custom MMIC’s history and pleased that its technology and strong
customer service will significantly benefit Qorvo customers.”
Custom MMIC’s high-performance Gallium Arsenide (GaAs) and
Gallium Nitride (GaN) monolithic microwave integrated circuits
(MMICs) have been proven in mission-critical defense, aerospace and
space applications. Now part of IDP, it is contributing to Qorvo’s
expanding RF and millimeter wave product portfolio enabling further
integration for defense phased array radars, electronic warfare,
land/space-based satellite communications, wireless backhaul and
microwave test equipment.
Qorvo offers a broad GaN-on-SiC and GaAs product portfolio to
help customers achieve significant improvements in efficiency,
reliability and operational capabilities. The company’s GaAs and
GaN-on-SiC products deliver high power density, reduced size,
excellent gain, high reliability and process maturity.
About QorvoQorvo (Nasdaq: QRVO) makes a better
world possible by providing innovative Radio Frequency (RF)
solutions at the center of connectivity. We combine product and
technology leadership, systems-level expertise and global
manufacturing scale to quickly solve our customers' most complex
technical challenges. Qorvo serves diverse high-growth segments of
large global markets, including advanced wireless devices, wired
and wireless networks and defense radar and communications. We also
leverage unique competitive strengths to advance 5G networks, cloud
computing, the Internet of Things, and other emerging applications
that expand the global framework interconnecting people, places and
things. Visit www.qorvo.com to learn how Qorvo connects
the world.
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and
in other countries. All other trademarks are the property of
their respective owners.
Investor Relations Contact: Doug DeLieto VP,
Investor Relations W +1-336-678-7088 |
Media Contact: Katie CaballeroMarketing
Communications ManagerQorvo Infrastructure and Defense ProductsW +
1 972-994-8546Katie.caballero@qorvo.com |
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
include, but are not limited to, statements about our plans,
objectives, representations and contentions, and are not historical
facts and typically are identified by use of terms such as "may,"
"will," "should," "could," "expect," "plan," "anticipate,"
"believe," "estimate," "predict," "potential," "continue" and
similar words, although some forward-looking statements are
expressed differently. You should be aware that the forward-looking
statements included herein represent management's current judgment
and expectations, but our actual results, events and performance
could differ materially from those expressed or implied by
forward-looking statements. We do not intend to update any of these
forward-looking statements or publicly announce the results of any
revisions to these forward-looking statements, other than as is
required under U.S. federal securities laws. Our business
is subject to numerous risks and uncertainties, including those
relating to fluctuations in our operating results; our substantial
dependence on developing new products and achieving design wins;
our dependence on a few large customers for a substantial portion
of our revenue; a loss of revenue if contracts with the United
States government or defense and aerospace contractors are
canceled or delayed or if defense spending is reduced; our
dependence on third parties; risks related to sales through
distributors; risks associated with the operation of our
manufacturing facilities; business disruptions resulting from
natural disasters, extreme weather conditions and public health
issues, including the outbreak of COVID-19; poor manufacturing
yields; increased inventory risks and costs due to timing of
customer forecasts; our inability to effectively manage or maintain
evolving relationships with platform providers; risks from
international sales and operations; economic regulation
in China; changes in government trade policies, including
imposition of tariffs and export restrictions; our ability to
implement innovative technologies; underutilization of
manufacturing facilities as a result of industry overcapacity; we
may not be able to borrow funds under our credit facility or secure
future financing; we may not be able to generate sufficient cash to
service all of our debt; restrictions imposed by the agreements
governing our debt; volatility in the price of our common stock;
damage to our reputation or brand; fluctuations in the amount and
frequency of our stock repurchases; our recent acquisitions and
other strategic investments could fail to achieve financial or
strategic objectives; our ability to attract, retain and motivate
key employees; our reliance on our intellectual property portfolio;
claims of infringement of third-party intellectual property rights;
security breaches and other similar disruptions compromising our
information; theft, loss or misuse of personal data by or about our
employees, customers or third parties; warranty claims, product
recalls and product liability; and risks associated with
environmental, health and safety regulations and climate change.
These and other risks and uncertainties, which are described in
more detail in Qorvo's most recent Annual Report on Form
10-K and in other reports and statements filed with
the Securities and Exchange Commission, could cause actual
results and developments to be materially different from those
expressed or implied by any of these forward-looking
statements.
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