Ceradyne Receives $7.3 M ESAPI Order(Costa Mesa, Calif., May 21, 2009) -- Ceradyne, Inc. (NASDAQ:CRDN) received a $7.3 million ESAPI (Enhanced Small Arms Protective Inserts) order scheduled to be delivered in the third 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 $7.3 million as backlog for scheduled delivery.
David P. 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."
Source : Ceradyne Inc.