Ceradyne Awarded Contract for Patrol Vessel Armor(Costa Mesa, Calif., March 31, 2010) -- Ceradyne, Inc. (Nasdaq: CRDN), in conjunction with Turner Strategic Technologies LLC ("TST") of Virginia Beach, Virginia, is pleased to announce the award of a contract in an amount estimated between $3.5 million to $6.0 million (range depends on customer exercised options) for the supply and installation of protective armor for the command station of nine new 35-meter patrol vessels being manufactured for the Iraqi Navy by Swiftships of Morgan City, Louisiana.
"We are pleased to be working along side TST and Swiftships on this important project," said Marc King, President, Ceradyne Armor Systems, Inc, a subsidiary of Ceradyne, Inc. "It gives us the opportunity to demonstrate our expertise in the armoring of small and medium-size naval vessels."
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Ceradyne is providing end-users with state-of-the-art armoring technology capable of protecting the ship's crew under severe combat conditions. These vessels are being purchased through the US Foreign Military Sales Program and will increase the overall naval capability of the Iraqi Navy.
Brian Parker, Ceradyne's Program Manager, added, "Most importantly, the crews operating these vessels will have an increased level of survivability if they are forced to engage in combat while on patrol."
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Source : Ceradyne, Inc. (NASDAQ:CRDN)