Ceradyne, Inc. Receives $78 Million Ceramic Body Armor Order for U.S. Army
COSTA MESA, Calif.-Ceradyne, Inc. (NASDAQ: CRDN) received a $78 million delivery order for ESAPI (Enhanced Small Arms Protective Inserts) from the U.S. Army, Aberdeen Proving Ground, Maryland. This new delivery order is scheduled to be shipped beginning September 2007 through December 2007. This delivery order will be shipped against a larger indefinite delivery/indefinite quantity (ID/IQ) contract. The Company records as firm orders only delivery orders, such as the above, that have firm scheduled delivery dates.
David P. Reed, Ceradyne President North American Operations, commented: “We are pleased to have received this ESAPI order as it gives our Company visibility for the balance of this year. Utilizing the Lexington, Kentucky facility and the Costa Mesa and Irvine, California plants, we expect to meet the Army’s quality and delivery requirements.”
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