EUROTECH: Parvus Corp, the US-based Eurotech subsidiary, just concluded an agreement with Lockheed Martin for 1.4 million US dollars. (price-sensitive-communication)

Amaro, March 16, 2006

Eurotech communicates that its subsidiary Parvus Corp, based in Salt Lake City (USA), has been awarded a contract by Lockheed Martin Aeronautics to develop and produce a new electronics power management module for the F/A-22 Raptor aircraft as part of its Communications, Navigation, and Identification (CNI) system.

"With this new award from Lockheed, Parvus continues to build on prior successes", said Parvus Vice President of Sales and Marketing, Clark Roundy. "The initial $1.4 million contract concerns prototype units, but we anticipate significant follow-on production to support the entire fleet of F/A-22 Raptor aircraft."

Says Eurotech's President Roberto Siagri: "This deal confirms the excellence of the technological know-how of Parvus Corp. in the defence sector."

Since its foundation, Parvus has been providing high technology to military and industrial OEMs. In the aeronautics sector, Parvus has produced board-level and system-level solutions for the F-15, F-14, EA-6B, E4-B, T-38, QF-4, B1-B and 727 airframes. The new electronics subsystem for the F/A-22 Raptor aircraft will deliver fail-safe power in any situation, enhancing security and mission readiness.

Lockheed Martin Aeronautics Co., a business area of Lockheed Martin, is a leader in the design, research and development, systems integration, production and support of advanced military aircraft and related technologies. Its customers include the military services of the United States and allied countries throughout the world. Products include the F-16, F/A-22, F-35 JSF, F-117, C-5, C-130, C-130J, P-3, S-3 and U-2.

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