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[November 2004]
Largest Single Order Bagged by Ceradyne
Ceradyne Inc (Costa Mesa, CA, USA) has received an order worth US$75.7 million for its lightweight ceramic body armour, the largest single order ever booked by the company. It is the second order issued under the Indefinite Delivery/Indefinite Quantity (ID/IQ) US$461 million maximum value contract first announced on 20 August 2004. The two orders have resulted in at least US$100 million in body armour under this contract, scheduled for Ceradyne shipment in the first three quarters of 2005. The contract was awarded by the US Army Unique Missions Division, Aberdeen Proving Ground, MD, USA.
Ceradyne's CEO Joel Moskowitz said: "We expect to continue to receive additional delivery orders against the base ID/IQ order in the future. However, this $75.7 million deliver order is the largest single order the Company has ever booked. The August 2004 acquisition of our supplier, ESK, of the raw material, boron carbide, coupled with additional armor capacity coming on stream in our new Lexington, Kentucky plant and Irvine, California facility are anticipated to allow Ceradyne to meet these as well as other projected requirements".
www.ceradyne.com
ENDS