EDAC Technologies Receives $1.9 M Military Contract(Farmington, Conn., January 10, 2008) -- EDAC Technologies Corporation (Nasdaq: EDAC), a designer and manufacturer of jet engine components, tools, fixtures, injection molds and spindles, today announced the receipt of its largest U.S. military contract to date.
This $1.9 million contract commences shipping in April 2008 continuing through February 2009 and includes an option for up to an additional $1.9 million that can be exercised by the military. Should the option be exercised, the delivery on the option would commence after February 2009. This order will be produced by EDAC's Precision Aerospace product line. EDAC has been actively pursuing qualification by the military as a supplier of certain products that it has produced for many years.
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Source : EDAC Technologies Corp.