Boeing: EDD Wins Major Contracts; Sales Increase by 30 Percent

EDD Wins Major Contracts; Sales Increase by 30 Percent

Torrance, Calif., Feb. 22, 2001 -- Boeing Electron Dynamic Devices, Inc. (EDD), Torrance, Calif., recently won several new contracts worth a total of more than $34 million. Under the contracts, EDD provides traveling wave tube amplifiers (TWTA) and electronic power conditioners (EPC) to Alcatel Space Industries of Toulouse, France, and to Space Systems/Loral, Palo Alto, Calif. EDD is a unit of The Boeing Company (NYSE: BA).

"These new awards from Alcatel and Loral represent a strong vote of confidence in EDD's product capabilities and operational capacity to meet customer product delivery requirements," said Dr. William Ballhaus, General Manager of Boeing Electron Dynamic Devices. "Every one of our employees is focused on delivering high-quality products on time or ahead of schedule. As a result of this focus, we have realized greater than 30 percent sales growth over the last 12 months. We look forward to continuing to strengthen our customer relationships with Loral and Alcatel through flawless execution on these new contracts."

EDD was awarded a contract to provide 164 TWTAs and EPCs to Alcatel Space Industries and an additional 16 more TWTAs under a contract option. The TWTAs and EPCs will power four, next-generation communications satellites for GE International. This is EDD's first business with Alcatel in nearly two years.

EDD also won three contracts from Space Systems/Loral (SS/L) for TWTAs. The three programs are Sirius Satellite Radio Flight Set 6, EchoStar-9 and Satmex-6. According to Ballhaus, these awards closely follow the successful completion of several ships sets of flight hardware that EDD has recently produced for Loral.

Electron Dynamic Devices is a world leader in the design and manufacture of microwave, traveling wave-tube amplifiers, and ion thrusters for commercial and military applications. EDD is a unit of The Boeing Company.

The Boeing Company, headquartered in Seattle, is the largest aerospace company in the world and the United States' leading exporter. It is the world's largest manufacturer of commercial jetliners and military aircraft, and the largest NASA contractor. The company's capabilities in aerospace also include rotorcraft, electronic and defense systems, missiles, rocket engines, launch vehicles, and advanced information and communication systems. The company has an extensive global reach with customers in 145 countries and manufacturing operations throughout the United States, Canada and Australia. At year-end 2000, Boeing and its subsidiaries employed 198,000 people.

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The Boeing Company
Electron Dynamic Devices, Inc
P.O. Box 92919
Los Angeles, CA 90009
www.twtas.com

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