$5.1 Million Contract with SAIC; To Control Access to Missile Silos
Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc.
(Nasdaq/GM: SYPR), announced today it has received a subcontract award
from Science Applications International Corp. (NYSE: SAIC) to be
responsible for the design and development of a modernized Missile
Electronic Encryption Device (MEED) for use in controlling access to US
land-based intercontinental ballistic missile silos.
While SAIC will lead the program management process, Sypris Electronics
will provide technical and NSA certification leadership. With more than
50 years of encryption and certification experience and fielding the
Type 1 key loader, Really Simple Key Loader (RASKL®), Sypris provides a
wealth of experience for the delivery of a modernized MEED. The 22-month
program includes design, development, documentation, integration,
testing, certification, training, maintenance, and logistics of a
modernized MEED device.
Debra Delise, Vice President of Engineering and Business Unit Lead for
Information Security Solutions commented, “Sypris’ experience and
history in producing legacy devices and developing high assurance
security solutions positions us well to provide the modernized MEED.
Sypris is excited to be working with SAIC and the United States Air
Force to deliver a next generation system that secures a very critical
component of our nation’s defenses.”
Sypris is a global, integrated security solutions provider serving the
Government and Commercial sectors. Sypris is well known for leadership
in cryptography, key management, identity authentication and access
management, cyber security operations, and associated professional
services. Sypris promotes an agile, innovative culture and
state-of-the-art solution sets by strategically partnering with
leading‐edge technology companies, agencies and universities. With 50
years of experience, Sypris is proud to develop, manufacture and
integrate leading technologies that secure our global partners’
interests. For more information, please visit www.sypriselectronics.com.
This press release contains “forward-looking” statements within the
meaning of federal securities laws. Actual results could differ
materially from those projected in such forward-looking statements as a
result of certain risk factors, including but not limited to those risk
factors set forth in the Annual Report on Form 10-K, dated and filed
March 31, 2015 with the Securities and Exchange Commission (SEC) by our
parent company, Sypris Solutions, Inc. and other filings that Sypris
makes with the SEC from time to time.
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