Ceradyne Receives $133 Million Ceramic Body Order for U.S. Army
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Ceradyne Receives $133 Million Ceramic Body Order for U.S. Army

(COSTA MESA, Calif.) -- Ceradyne, Inc. (Company) (NASDAQ:CRDN) received a $133 million delivery order for ESBI (Enhanced Side Ballistic Inserts) from the U.S. Army, Aberdeen Proving Ground, Maryland. This new delivery order is scheduled to be shipped beginning April 2007 through November 2007. The order will be shipped against a larger indefinite delivery/indefinite quantity (ID/IQ) contract announced earlier. The Company records as firm orders only delivery orders, such as the above, that have scheduled delivery dates.

Dave Reed, Ceradyne President North American Operations, commented: "This delivery order is the largest single order ever received by Ceradyne. Together with the $122.2 million in ESAPI and ESBI body armor orders announced last month, we have excellent visibility into 2007. Utilizing the Lexington, Kentucky, facility and the Costa Mesa and Irvine, California, plants, we expect to meet the Army's quality and delivery requirements. We anticipate receiving additional orders early in 2007 for delivery in 2007."

Source : Ceradyne, Inc.

Published on ASDNews: Dec 27, 2006

 

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