quarter of fiscal 2007 to $16.8 million in the third quarter of fiscal
2008, primarily due to the absence of a Russian tender program in which
CPI participated in fiscal 2006 and 2007, but which will not recur in
fiscal 2008. In the third quarter of fiscal 2007, CPI shipped
$2.9 million of x-ray generators for the Russian tender program; the
company shipped no products for this program in the third quarter of
fiscal 2008. Excluding the Russian tender program, CPI's medical sales
increased $1.7 million, or 11 percent, in the third quarter of fiscal
2008 as compared to the same quarter of the previous year.
-- In the communications market, sales increased three percent from
$27.3 million in the third quarter of fiscal 2007 to $28.0 million in
the third quarter of fiscal 2008. This increase was primarily due to
the inclusion of communications sales made by the recently acquired CPI
Malibu Division in the third quarter of fiscal 2008, as well as
recently begun production shipments for Increment One of the U.S.
Army's Warfighter Information Network Tactical (WIN-T) military
communications program. These increases were partially offset by a
decrease in sales of products to support certain broadcast applications
and a decrease in sales for the now completed predecessor to the WIN-T
-- In April 2008, General Dynamics SATCOM Technologies awarded CPI
approximately $8.6 million in follow-on orders for Ku-band, high-power
satellite communications amplifiers to support Increment One of WIN-T.
In the first three quarters of fiscal 2008, CPI received a total of
approximately $12 million of follow-on orders for the WIN-T program.
-- CPI was awarded a $12.8 million indefinite
|SOURCE CPI International, Inc.|
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