 |
 |
||||||
[February 2006]
Ceradyne Receives $70 Million Order
Ceradyne Inc (Costa Mesa, CA, USA) has announced the receipt of an order for its lightweight ceramic body armour worth US$70 million from the US Army. This particular contract is for its new designs developed to protect the side areas of a soldier's torso when used in conjunction with Ceradyne's ceramic body armour plates. Shipments were expected to begin late January, with order completion scheduled for late in the second quarter of 2006.
Ceradyne's CEO Joel Moskowitz said: "We are very pleased to receive this 'urgent and compelling' order which, no doubt, will save American lives. We continue to invest in expanding our Lexington, Kentucky, ceramic manufacturing facility in order to meet these immediate requirements of the U.S. Army".
He further commented: "On January 12, 2006, the U.S. Army issued a presolicitation notice regarding a significant proposed 5-year requirement for side plate protection. It is anticipated that the government will issue orders against their 5-year requirement early in 2006, with initial deliveries starting in third-quarter 2006".
www.ceradyne.com
ENDS