Mr. Duncan Heinz reports

IBC AWARDED CONTRACT FROM RAYTHEON TO PRODUCE A BERALCAST COMPONENT FOR THE F/A-18 FIGHTER JET'S ATFLIR SYSTEM

IBC Advanced Alloys Corp. has been awarded a production contract from Raytheon Space and Airborne Systems to produce a beryllium-aluminum cast component for use in Raytheon's advanced targeting forward-looking infrared (ATFLIR) system, currently in use on U.S. Navy F/A-18 fighter jets.

Terms of the contract were not able to be disclosed, although IBC expects to produce this part for Raytheon over multiple years. The part is a precision-cast pitch gimbal housing for the ATFLIR system and is produced from IBC's proprietary Beralcast beryllium-aluminum material.

Beralcast is more than three times stiffer than aluminum with 22 per cent less weight, and can be precision cast to simple and complex configurations. The material is very lightweight with a high modulus of elasticity and can be precision cast for three-dimensional stability. Beralcast is ideally suited for aerospace applications, certain demanding semiconductor manufacturing equipment, computer components and other commercial uses, and allows for a near-net shape to be cast for maximum manufacturing efficiencies.

Raytheon's advanced targeting forward-looking infrared pod is a multisensor, electro-optical (EO) targeting pod incorporating thermographic camera, low-light television camera, target laser rangefinder/laser designator, and laser spot tracker that has been flight tested on all F/A-18 models. It delivers pinpoint accuracy and reliability for air-to-air and air-to-ground mission support, and assures mission success by integrating advanced EO and infrared sensors with one of the most powerful lasers on the market. ATFLIR can locate and designate targets day or night at ranges exceeding 40 nautical miles and altitudes surpassing 50,000 feet, outperforming comparable targeting systems. As a powerful net enabler, it can pass tracking and targeting information to other nodes in the networked battlespace with speed and precision.

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing and others. IBC's copper division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper and aluminum bronze. IBC's engineered materials division makes the Beralcast family of alloys, which can be precision cast and are used in an increasing number of defence, aerospace and other systems, including the F-35 joint strike fighter. IBC has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

We seek Safe Harbor.