Significant US Contracts

TT electronics PLC 08 May 2008 TTG.L 8th May 2008 TT electronics plc Significant US Federal contracts to the US armed forces TT electronics plc, a world leader in sensor and electronic component technology, today announces that it has won new contracts worth $90 million over the next five years for the supply of interconnection systems to the US armed forces for use with mobile radio communication equipment. The new orders have been won by TT electronics' specialist interconnection systems business which is an established supplier to the defence market and is already supplying NATO approved equipment to the majority of the NATO armed forces, including the MoD. TT electronics' interconnection systems business operates from a global manufacturing base supplying the defence, aerospace and traction markets. TT electronics' specialist expertise has been a key factor in winning significant contracts including the interconnection systems for all the new rolling stock for the upgrade of the London Underground in preparation for the 2012 Olympic Games. The market position of the business has recently been enhanced through the acquisition of New Chapel Electronics ('NCE') whose complementary operations will provide greater access to the high margin defence and civil aerospace sectors. Neil Rodgers, Chief Executive of TT electronics, commented: 'I am very pleased to be able to announce these new orders won against strong competition, which demonstrates the strength of our interconnection systems operations. We have been successful in growing our interconnection systems revenues in the past three years and have successfully targeted highly specialist applications where enhanced added value leads to better margins. We are confident that we will be able to strengthen this position further with the recent acquisition of NCE which extends our reach into specialist, high margin aerospace markets.' Enquiries: TT electronics plc Tel: 01932 841310 Neil Rodgers, Chief Executive Biddicks Tel: 020 7448 1000 Zoe Biddick Tel: 07931 314087 Notes to editors: TT electronics' interconnection systems business is focused on providing comprehensive connector / back-shell, harness and system products for military and commercial markets. It has manufacturing facilities in the US, UK and China, with assembly facilities in Malaysia. On 2 April, 2008, TT electronics announced the acquisition of NCE for a consideration of up to £5.2 million. NCE, which is based in the UK, designs and manufactures specialist interconnection systems for the aerospace and defence markets. The custom made products achieve high profit margins. The acquisition expands TT electronics' interconnection systems business offering to the military and civil aerospace sector. This information is provided by RNS The company news service from the London Stock Exchange NTFKFKBABKKOPK
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