SYPRIS WINS contract with Leonardo DRS
electronic assemblies for naval application
TAMPA, FL. August 11, 2020 – Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has received an initial contract award from the Leonardo DRS Naval Electronics business unit to manufacture and test electronic assemblies for a shipboard system. Production will begin in 2020. Terms of the agreement were not disclosed.
“Sypris Electronics has extensive experience working on mission critical Navy programs,” said Jim Long, Vice President & General Manager of Sypris Electronics. “Leonardo DRS is an industry leader in Naval Electronics and the opportunity to support them on this program is an honor for Sypris Electronics. Our collaborative approach in providing a tailored manufacturing and test solution was an important element to this win. We are excited to support Leonardo DRS on this program and to expand our relationship with Leonardo DRS.”
Sypris Electronics is a trusted provider of electronic solutions, addressing customers’ needs for building complex, mission-critical electronic and electro-mechanical devices and integrated systems. Backed by 50 years of experience, Sypris’ engineering and manufacturing services span our customers’ product life cycle all within a culture of continuous improvement and Six Sigma/Lean thinking. Partners from multiple agencies and tier one companies in Military (DoD), Space, Medical, Undersea, and Industrial markets team with Sypris to deliver high-reliability electronics built with strict adherence to regulated requirements.