Sypris Wins Contract With BAE Systems

Electronic Modules for Special Military Application

TAMPA, Fla.--(BUSINESS WIRE)--Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received a contract award from BAE Systems’ Electronic Systems sector to manufacture and test electronic power supply modules for a large mission-critical military program. Production will begin in 2020. Terms of the agreement were not disclosed.

“This was an important award for Sypris in the DOD sector of our business,” said Jim Long, Vice President & General Manager of Sypris Electronics. “BAE Systems’ ‘mission success’ requirements fit well with our culture and business strategy focusing on high-reliability, mission-critical markets. BAE Systems’ Electronic Systems sector is a worldwide leader in the development and delivery of advanced technologies for the commercial and military electronics markets. We are excited to work with BAE Systems on this special program and Sypris collaborative engineering and operational strengths were key to this win.”

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. For more information, please visit https://www.sypriselectronics.com/.