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Friday, July 29, 2016

Ceradyne Inc. Receives $38.6M Ceramic Body Armor Orders for U.S. Marines and U.S. Army

(COSTA MESA, Calif., July 26, 2006) -- Ceradyne, Inc. (Company) (Nasdaq:CRDN) received two ceramic body armor delivery orders totaling $38.6 million. The U.S. Marine Corps, Quantico, Virginia, placed a delivery order for ESAPI for $8.4 million, and the U.S. Army, Aberdeen Proving Ground, Maryland, placed a delivery order for $30.2 million of ESAPI. Both orders are expected to be shipped in the third and fourth quarters of 2006.

Dave Reed, Ceradyne president of North American operations, commented: "We are pleased that the Army and Marines continue to issue ESAPI orders to our Company, and we expect additional delivery order releases later this year. We intend to produce these ESAPI orders as well as the ESBI (side plates) order announced earlier this month at our Lexington, Kentucky, and Costa Mesa, California, armor facilities."

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Source : Ceradyne, Inc.

Published on ASDNews: Jul 26, 2006


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