Jan 25 2006
Ceradyne, Inc. has announced the receipt of an order for its lightweight ceramic body armor in the amount of $70 million from the U.S. Army. This particular contract is for new designs developed to protect the side areas of a soldier's torso when used in conjunction with Ceradyne's ceramic body armor plates. Ceradyne anticipates it will commence shipments this month with order completion late in second-quarter 2006.
Joel Moskowitz, Ceradyne chief executive officer, commented: "We are very pleased to receive this 'urgent and compelling' order which, no doubt, will save American lives. We continue to invest in expanding our Lexington, Kentucky, ceramic manufacturing facility in order to meet these immediate requirements of the U.S. Army."
Moskowitz further commented: "On January 12, 2006, the U. S. Army issued a presolicitation notice regarding a significant proposed 5-year requirement for side plate protection. It is anticipated that the government will issue orders against their 5-year requirement early in 2006, with initial deliveries starting in third-quarter 2006."
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