RFMD® and SELEX GALILEO Announce Signing of Strategic Supply Agreement |
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RF Micro Devices, Inc.
7628 Thorndike Rd.
Greensboro, NC, 27409-9421
USA
Press release date: May 27, 2008
Strategic Supply Agreement for Aerospace & Defense Market Valued at Approximately $20 Million Through 2013
GREENSBORO, N.C. and LONDON, May 27 / -- RF Micro Devices, (Nasdaq: RFMD), a global leader in the design and manufacture of high-performance semiconductor components, and SELEX GALILEO, one of Europe's leading defense electronics suppliers, today announced the two companies have signed a strategic supply agreement. The strategic supply agreement expands upon a former agreement signed in 2001 between SELEX GALILEO and a division of the former Filtronic Compound Semiconductor Ltd, which was acquired by RFMD® on February 29, 2008.
The strategic supply agreement is expected to encompass multiple high performance semiconductor components, including GaAs pHEMT MMICs supporting electronically scanned (ESCAN) radar and Active Electronically Scanned Array (AESA) radar applications. As a result of the supply agreement the two companies expect RFMD will increasingly support SELEX GALILEO's delivery of a range of current and future state-of-the-art defense electronics programs. Accordingly, both companies anticipate the strategic supply agreement to be valued at approximately $20 million through 2013.
Speaking recently at a special signing ceremony in London, Norman Bone, Senior Vice President, Radar and Advanced Targeting of SELEX GALILEO, said, "We operate in a highly competitive market so it is crucial that we align ourselves strategically with the best possible suppliers who will allow us to deliver on our challenging business goals. RFMD's diverse portfolio of state-of-the-art semiconductor technologies combined with their RF systems expertise made them an obvious choice for our company. We look forward to forging a stronger and more successful relationship."
Bob Van Buskirk, president of RFMD's Multi-Market Products Group, speaking at the signing ceremony, said, "We are very pleased to sign this strategic supply agreement and extend our relationship with SELEX GALILEO. SELEX GALILEO is one of Europe's leading defense electronics suppliers, and they are a highly valued customer for RFMD. As the industry leader in the development and manufacture of compound semiconductors and the industry leader in the design and manufacture of RF components, RFMD is uniquely positioned to support SELEX GALILEO's stringent requirements for high-performance semiconductor components."
RFMD expects to expand its aerospace & defense business in Europe and is strengthening its commitment to support European aerospace & defense customers with high-performance semiconductor components developed and manufactured in its Newton Aycliffe, UK-based subsidiary.
RFMD's Aerospace & Defense Business Unit delivers a broad product portfolio for multiple market segments, including radio and communications systems, radar systems, space systems, satellite and missile programs, telemetry and homeland security. Among RFMD's extensive product offerings are COTS amplifiers, high power amplifiers, high reliability amplifiers, low noise amplifiers, mixers, power dividers, transformers, VCOs and PLL modules. For more information about RFMD's Aerospace & Defense Business Unit, please see rfmd.com/aerospacedefense.
SELEX GALILEO is the brand adopted by Galileo Avionica SpA and SELEX Sensors and Airborne Systems Ltd, Finmeccanica companies to present a common identity to the market. With the name SELEX GALILEO, the two companies represent a leading defence electronics supplier, providing world-class capabilities in surveillance, protection, tracking, targeting, navigation & control, and imaging systems. Further details can be obtained at www.selexgalileo.com.
About RFMD: RF Micro Devices, Inc. (Nasdaq GS: RFMD) is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
Headquartered in Greensboro, N.C., RFMD is an ISO 9001- and ISO 14001-certified manufacturer with worldwide engineering, design, sales and service facilities. RFMD is traded on the NASDAQ Global Select Market under the symbol RFMD. For more information, please visit RFMD's web site at www.rfmd.com.
SOURCE RF Micro Devices
CONTACT: Jerry Neal Executive Vice President +1-336-678-7001 of RFMD®; or Donna McGrory Tel, +44-131-343-5115 Mob, +44-7793-423082 donna.mcgrory@selexgalileo.com or Solange Distefano Pozzuoli Tel, +39-06-41883852 Mob, +39-335-7499374 solange.distefanopozzuoli@galileoavionica.it, both of SELEX GALILEO
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