II-VI Signs Multiyear Agreements With Lockheed Martin for Sapphire Windows

The Exotic Electro-Optics subsidiary of laser components maker II-VI (NASDAQ: IIVI  ) has signed two multiyear agreements to sell its sapphire windows to Lockheed-Martin (NYSE: LMT  ) . 

The first agreement is for Lockheed's F-35 Lightning electro-optical targeting sensor, the only sensor that combines forward-looking infrared (FLIR) and infrared search and track (IRST) functionality integrated into the Warfighter's fuselage and housed behind sapphire windows.

F-35 Lightning II, Electro-Optical Targeting System. Source: Lockheed-Martin.

The second agreement is for the shroud assembly of Lockheed's Sniper Advanced Targeting Pod, or ATP, which is the most widely deployed targeting system for fixed-wing aircraft used by the U.S. Air Force. It's also used by the air forces of 12 other nations. 

II-VI's Exotic Electro-Optics division is the world's largest producer of large format sapphire windows, according to the company.   Its products are typically assembled into a structural housing or shroud where electrical grounding or connectivity is required to facilitate EMI shielding or heating for anti-ice and anti-fog requirements.

Financial terms of the two agreements were not disclosed.


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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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