II-VI Wins Multi-Year Pacts for Sapphire Windows on F-35
II-VI Incorporated (Nasdaq: IIVI) today announced an agreement between its subsidiary Exotic Electro-Optics and Lockheed Martin (NYSE: LMT) for two multi-year purchasing agreements. Financial terms of the agreements were not disclosed.
The first is for Lockheed Martin's F-35 Electro-Optical Targeting Sensor (EOTS) and the second is for Lockheed Martin's Sniper Advanced Targeting Pod (ATP). Purchase orders from this agreement will be reflected as bookings based on the II-VI bookings policy of reporting customer orders received that are expected to be converted into revenues during the next 12 months.
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