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[March 2009]
Ceradyne Bags New Order Worth Over $12 Million
Ceradyne Inc (Costa Mesa, CA, USA) has received a US$12.1 million ESAPI (Enhanced Small Arms Protective Inserts) order to be delivered in the first and second quarter of 2009. This order is a delivery order issued by the Defense Supply Center Philadelphia against a larger ID/IQ (Indefinite Delivery/Indefinite Quantity) three-year contract issued in December 2007. Ceradyne’s practice is to only book firm delivery orders such as the above $12.1 million as backlog for scheduled delivery.
David Reed, Ceradyne President North American Operations, commented: “We are very pleased to have received this order and believe we will continue to ship this ESAPI product on time with the high standards of quality required. Based on non-binding conversations with the government, we believe that there will be additional delivery orders against the blanket ID/IQ contract this year”.
Ceradyne develops, manufactures and markets advanced technical ceramic products and components for defence, industrial, automotive/diesel and commercial applications.
ENDS