Ceradyne Receives $18.7 M SAPI Body Armor Order(Costa Mesa, Calif., July 21, 2009) -- Ceradyne, Inc. (NASDAQ:CRDN) announced that it has received an $18.7 million order for SAPI (Small Arms Protective Inserts) lightweight ceramic body armor. The order was issued by the U.S. Army RDECOM, Aberdeen Proving Grounds, Maryland. The Company expects to begin shipments in the fourth quarter of 2009, with completion prior to December 31, 2009. The order is a Foreign Military Sales (FMS) requirement.
David Reed, President of North American Operations, commented: "We are very pleased to receive this additional FMS body armor order. We believe that the government placed this order with Ceradyne, at least in part, due to its reliable delivery, quality performance on previous SAPI procurements and competitive pricing. This is a new order from the U.S. Army and should not be confused with the XSAPI/ESAPI 5-year procurement previously announced."
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Source : Ceradyne, Inc. (NASDAQ:CRDN)