Corning Incorporated (NYSE: GLW) announced that its Specialty Materials Advanced Optics business received a 2017 Raytheon Supplier Excellence Program EPIC Award. Raytheon executive management presented the award in a recent ceremony held at Corning’s Keene, New Hampshire, manufacturing facility.
Raytheon grants EPIC awards to its highest-performing suppliers for overall excellence in performance, innovation, and collaboration for one or more Raytheon businesses. Corning was recognized specifically for work on Raytheon’s Multi-Spectral Targeting System (MTS). The MTS program serves the intelligence, surveillance, reconnaissance, and targeting (ISRT) needs of the U.S. Army and U.S. Navy, across a variety of rotary and fixed-wing aircraft. Corning provides Raytheon’s Space and Airborne Systems business with electro-optical/infrared (EO/IR) systems.
“We’re thrilled that Raytheon is recognizing the efforts of our Keene facility,” said Curt Weinstein, vice president and general manager of Corning’s Advanced Optics business. “We thank them for the opportunity and look forward to continued business that meets specialized aerospace and defense imaging needs.”
Corning employees “have built a decades-long legacy of excellence and innovation here in Keene, and I thank you for your contributions to the security of our great nation,” U.S. Sen. Jeanne Shaheen, of New Hampshire, wrote in a letter to employees. “Through [Corning’s] efforts to develop and perfect advanced optical systems like MTS, our servicemen and women have access to more detailed intelligence, surveillance, reconnaissance and targeting data that will guide their decision-making. This work helps to keep our warriors safe from harm.”
Corning’s Keene manufacturing facility is a leading producer of electro-optical assemblies and systems. The facility has been serving the optics and aerospace and defense industries for nearly 30 years and is integral in implementing Corning’s core technology in optical physics, advanced electro-optical, and infrared systems development to pursue market opportunities.
Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the effect of global political, economic and business conditions; conditions in the financial and credit markets; currency fluctuations; tax rates; product demand and industry capacity; competition; reliance on a concentrated customer base; manufacturing efficiencies; cost reductions; availability of critical components and materials; new product commercialization; pricing fluctuations and changes in the mix of sales between premium and non-premium products; new plant start-up or restructuring costs; possible disruption in commercial activities due to terrorist activity, armed conflict, political or financial instability, natural disasters, adverse weather conditions, or major health concerns; adequacy of insurance; equity company activities; acquisition and divestiture activities; the level of excess or obsolete inventory; the rate of technology change; the ability to enforce patents; product and components performance issues; retention of key personnel; stock price fluctuations; and adverse litigation or regulatory developments. These and other risk factors are detailed in Corning’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the day that they are made, and Corning undertakes no obligation to update them in light of new information or future events.
Digital Media Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it intends to use its website (http://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science. For more than 160 years, Corning has applied its unparalleled expertise in specialty glass, ceramics, and optical physics to develop products that have created new industries and transformed people’s lives. Corning succeeds through sustained investment in R&D, a unique combination of material and process innovation, and close collaboration with customers to solve tough technology challenges. Corning’s businesses and markets are constantly evolving. Today, Corning’s products enable diverse industries such as consumer electronics, telecommunications, transportation, and life sciences. They include damage-resistant cover glass for smartphones and tablets; precision glass for advanced displays; optical fiber, wireless technologies, and connectivity solutions for high-speed communications networks; trusted products that accelerate drug discovery and manufacturing; and emissions-control products for cars, trucks, and off-road vehicles.