ADSI Receives $50 M US Navy MAC IDIQ Award for Crew Protection Kits

(Hicksville, NY., June 21, 2010) -- American Defense Systems, Inc. ("ADSI") (NYSE Amex: EAG), a provider of advanced transparent and opaque armor, architectural hardening and security products for Defense and Homeland Security, has received a Multiple Award Contract (MAC), Indefinite Delivery Indefinite Quantity (IDIQ) Award from the Naval Facilities Expeditionary Logistics Center (NFELC) of Port Hueneme, California.

ADSI and two other companies were selected among seven proposals received by the NFELC to submit bids under the MAC Award. The award calls for up-armoring solutions of civil engineer support equipment to be provided to the NFELC over the course of five years. The maximum cumulative dollar value of the MAC award is $50 million, with the base year and each of the four option years limited to $10 million per year. Information about the award (#N62583-10-D-0323) can be found on the U.S. Department of Defense website at http://www.defense.gov/contracts/contract.aspx?contractid=4247.


"This award provides a major opportunity for ADSI to build upon the close relationship that we've developed with the U.S. Armed Forces over many years," said ADSI's chief executive officer, Anthony J. Piscitelli. "It also represents one of the largest military contract vehicles we've received to-date."

"While it requires us to be competitive in order to win the business allotted under the award," continued Piscitelli, "the field has been significantly narrowed, and we're confident it will generate significant revenues for us over time. We are especially proud that we have been granted this continued responsibility of protecting our brave military service personnel around the world with our state-of-the-art crew protection kits ('CPKs'), which we believe have already saved many lives."

Source : American Defense Systems Inc.