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II-VI Signs $40 Million Multi-Year Supply Agreement

February 16, 2010 (FinancialWire) — II-VI Inc. (NASDAQ: IIVI) announced an agreement between its subsidiary Exotic Electro-Optics and Lockheed Martin (NYSE: LMT) Missiles and Fire Control for the purchase of sapphire windows for the Joint Strike Fighter / F-35 Lightning II stealth fighter’s Electro-Optical Targeting System .

According to the agreement, 100% of the sapphire windows funded under Low Rate Initial Production  3, 4 and 5, will be procured from Exotic Electro-Optics. Terms of the contract were not disclosed. 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.

II-VI Inc., a leader in crystal growth technology, is a vertically-integrated manufacturing company that creates and markets products for a diversified customer base including industrial manufacturing, military and aerospace, high-power electronics and telecommunications, and thermoelectronics applications.

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