Communications & Power Industries Receives $4.9 Million Aegis Repairs Contract

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Thu Oct 8, 2009 3:35pm EDT

PALO ALTO, Calif., Oct. 8 /PRNewswire-FirstCall/ -- Communications & Power
Industries, Inc. (CPI) has received a one-year contract for up to $4.9 million
to support the Aegis weapons system.  CPI, a subsidiary of CPI International,
Inc. (Nasdaq: CPII), is a leading provider of microwave, radio frequency,
power and control solutions for critical defense, communications, medical,
scientific and other applications.


(Logo:  http://www.newscom.com/cgi-bin/prnh/20060426/CPILOGO)


Under the contract, CPI will provide traveling wave tubes (TWTs) to support
the AN/SPY-1D(V) radar system on the Aegis weapons system.  CPI's TWT
shipments for this contract are expected to begin in the second half of fiscal
2010 and be completed within 12 months.


The Aegis weapons system is CPI's largest single defense program.  The
AN/SPY-1 radar system is the primary air and surface radar on the U.S. Navy
Ticonderoga-class cruisers and DDG-51 Arleigh Burke-class destroyers, as well
as on several foreign navies' destroyers.  The AN/SPY-1D(V) configuration of
the radar system is designed to operate in high clutter, near-coast
environments.


"CPI provides several different new and repair products for the Aegis weapons
system in its many configurations, and it is a key defense platform for us.
Our defense markets have stabilized, and this significant, short-term contract
for the Aegis weapons system further demonstrates that there remains healthy
and immediate demand for CPI's spare and repair products within those
markets," said Joe Caldarelli, chief executive officer of CPI.


Work on the contract will be completed at CPI's facilities in Palo Alto,
Calif.  The contract was awarded by the Naval Inventory Control Point (NAVICP)
in Mechanicsburg, Pa.


About CPI International, Inc.
CPI International, Inc., headquartered in Palo Alto, California, is the parent
company of Communications & Power Industries, Inc., a leading provider of
microwave, radio frequency, power and control solutions for critical defense,
communications, medical, scientific and other applications.  Communications &
Power Industries, Inc. develops, manufactures and distributes products used to
generate, amplify, transmit and receive high-power/high-frequency microwave
and radio frequency signals and/or provide power and control for various
applications.  End-use applications of these systems include the transmission
of radar signals for navigation and location; transmission of deception
signals for electronic countermeasures; transmission and amplification of
voice, data and video signals for broadcasting, Internet and other types of
commercial and military communications; providing power and control for
medical diagnostic imaging; and generating microwave energy for radiation
therapy in the treatment of cancer and for various industrial and scientific
applications.


Certain statements included above constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended. 
Forward-looking statements provide our current expectations, beliefs or
forecasts of future events.  Forward-looking statements are subject to known
and unknown risks and uncertainties, which could cause actual events or
results to differ materially from the results projected, expected or implied
by these forward-looking statements.  These factors include, but are not
limited to, competition in our end markets; the impact of a general slowdown
in the global economy; our significant amount of debt; changes or reductions
in the U.S. defense budget; currency fluctuations; U.S. government contracts
laws and regulations; changes in technology; the impact of unexpected costs;
and inability to obtain raw materials and components.  These and other risks
are described in more detail in our periodic filings with the Securities and
Exchange Commission.  As a result of these uncertainties, you should not place
undue reliance on these forward-looking statements.  All future written and
oral forward-looking statements attributable to us or any person acting on our
behalf are expressly qualified in their entirety by the cautionary statements
contained or referred to in this section.  New risks and uncertainties arise
from time to time, and it is impossible for us to predict these events or how
they may affect us.  We undertake no duty or obligation to publicly revise any
forward-looking statement to reflect circumstances or events occurring after
the date hereof or to reflect the occurrence of unanticipated events or
changes in our expectations.


SOURCE  CPI International, Inc.

Amanda Mogin, Communications & Power Industries, investor relations,
+1-650-846-3998, amanda.mogin@cpii.com
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