Ceradyne, Inc. (NASDAQ: CRDN) announced it has received its first delivery order covering two months of 2013 ESAPI requirements totaling over $14 million. This delivery order is the first order placed under Option 1 of the Company's multi-year ESAPI contract issued by the Defense Logistics Agency (DLA).
Based on non-binding discussions with the government, the Company expects additional 2013 delivery orders to be placed late in October 2012.
David Reed, Ceradyne President of North American Operations, commented: "We are pleased to receive this delivery order for early 2013 and look forward to additional ESAPI delivery orders in the near future. As we have consistently demonstrated on this important program, we anticipate meeting all ESAPI quality and delivery schedules."
Source: Ceradyne, Inc. (NASDAQ:CRDN)
Date: Sep 26, 2012