II-VI Incorporated announced an agreement Feb. 19 between its subsidiary Exotic Electro-Optics and Lockheed Martin for two multi-year purchasing agreements. Financial terms of the agreements were not disclosed.
The first is for Lockheed Martin’s F-35 Electro-Optical Targeting Sensor and the second is for Lockheed Martin’s Sniper Advanced Targeting Pod. Purchase orders from this agreement will be reflected as bookings based on the II-VI bookings policy of reporting customer orders received that are expected to be converted into revenues during the next 12 months.
“These agreements reflect our continued commitment to programs which utilize our infrared materials and expertise for Intelligence, Surveillance and Reconnaissance applications, and specifically to the EOTS and Sniper ATP programs,” said Francis J. Kramer, president and CEO of II-VI. “These agreements underscore our ability to meet and exceed the challenges represented by these demanding programs.”