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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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DocumentId: 2263373, ~/Articles/ArticleHandler.aspx, 8/25/2016 11:32:37 PM

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8/25/2016 4:00 PM
IIVI $21.60 Down -0.11 -0.48%
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