Lockheed Martin Selects Sypris Electronics as Satellite Manufacturing Partner; Sypris Electronics to Produce Circuit Card Assemblies for Commercial and Government Satellites

Business Wire, Oct 3, 2005

TAMPA, Fla. -- Sypris Electronics, a subsidiary of Sypris Solutions, Inc., announced today that it has been selected by Lockheed Martin Commercial Space Systems of Newtown, Pennsylvania to manufacture electronic circuit card assemblies for Lockheed Martin's A2100 commercial satellites as well as for various government programs.

A Lockheed Martin Star Supplier - Perfect Product, Sypris Electronics has produced more that 12,000 space qualified assemblies for multiple Aerospace customers over the past decade. The Company recently opened its new NASA-STD-8739 certified Space manufacturing operation within its Tampa, Florida facility. As Lockheed Martin's Space electronics manufacturing partner, Sypris Electronics anticipates producing electronic assemblies for four to six satellites per year.

Bob Sanders, President of Sypris Electronics, stated, "We are extremely pleased and proud that Sypris Electronics has been selected by Lockheed Martin as a manufacturing partner for their critical Space requirements. This contract is an excellent opportunity for Sypris Electronics to leverage our prior successes in Space electronics production, along with our Defense and Aerospace manufacturing technology."

Lockheed Martin Commercial Space Systems' Newtown, Pennsylvania operation designs, develops and integrates advanced satellites for government and commercial customers. The A2100 geostationary satellite is designed to meet a wide variety of telecommunications needs, ranging from high-power Ka-, Ku- and C-Band fixed satellite and direct broadcast services to high-power mobile satellite services using the L- and S-Band frequency spectrum.

With over 40 years of experience, Sypris Electronics is a recognized market leader in providing integrated electronics manufacturing services, engineering services and information assurance products to the Defense, Aerospace and Homeland Security markets. A Six Sigma organization and an ISO-9001 certified operation, Sypris Electronics is the premier, dedicated Aerospace and Defense electronics company. For more information on Sypris Electronics, visit our Web site at www.sypriselectronics.com.