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[December 2005]
Another Major Order Announced by Ceradyne
Ceradyne Inc (Costa Mesa, CA, USA) has announced the receipt of a US$60.1 million delivery order for its lightweight ceramic body armour. This is the sixth delivery order received under the US$461 million indefinite delivery/indefinite quantity (ID/IQ) contracted announced in August. Including this one, orders received under the contract total around US$292 million with approximately US$169 million in unplaced options. The contract was awarded to Ceradyne by the US Army Unique Missions Division, Aberdeen Proving Grounds, Maryland.
Ceradyne's CEO Joel Moskowitz commented: "We expect to receive additional delivery orders against this ID/IQ contract throughout the remaining 21 months of this contract. We believe that the additional ceramic armor manufacturing capacity being brought on stream in our new Lexington, Kentucky and Irvine, California facilities has enabled us to meet our quality and delivery projections to the government which, in turn, has resulted in our receipt of a somewhat higher rate of orders than we originally anticipated.
"Furthermore, the August 2004 acquisition of the German technical ceramic and ceramic powder company, ESK, ensures a steady flow of the base ceramic starting powder - Boron Carbide."
www.ceradyne.com
ENDS