AMSTERDAM, Sept. 28, 2016 /PRNewswire/ -- Constellium
N.V. (NYSE and Euronext: CSTM) announced today that it has been
awarded a contract with TARDEC, the US Army Tank Automotive
Research Development and Engineering Center supporting the Combat
Vehicle Prototype (CVP) platform.
Being awarded this contract helps demonstrate the expertise of
Constellium in the defense market and confirms its growing position
as a leading partner for aluminium armored vehicle solutions. Under
the agreement, Constellium will supply TARDEC with
KEIKOR® 2139 for its entire CVP integrated hull
capsule. KEIKOR® 2139 was previously selected for
the successful CAMEL (Concept for Advanced Military
Explosion-mitigating Land) program. KEIKOR® 2139's
best-in-class blast performance combined with its superior armor
piercing (AP) capabilities has proven to be the ideal material
selection for TARDEC's next generation prototype fighting
vehicle.
Constellium has been a key partner to the defense industry for
many years, continuously developing new solutions for armored
vehicles and upgrading in-service equipment. "We are proud to see
KEIKOR® 2139, our leading solution for integral hull applications,
selected over several other considered materials," said
David Meacham, Vice President of
Sales Transportation, Industry and Defense at Constellium.
"Thanks to a tireless focus on research and innovation, and a
strong investment program over the past five years, we have
developed the broadest global offering of specialized aluminium
alloys for armor applications."
"Constellium's KEIKOR® 2139 aluminium alloy met the
necessary performance properties and characterized manufacturing
process for the performance and packaging requirements that we were
looking for in our hull structure," said Dr. Erik Polsen, TARDEC's chief engineer for CVP
survivability. "What's more, once we selected the material, we were
able to work with Constellium closely to begin the alloy processing
quickly, and they were able to cut the originally-quoted delivery
time by more than half."
Constellium will supply TARDEC with KEIKOR® 2139
product from its manufacturing plant in Ravenswood, West Virginia, in the United States.
About Constellium
Constellium (NYSE and Euronext: CSTM) is a global sector leader
that develops innovative, value added aluminium products for a
broad scope of markets and applications, including aerospace,
automotive and packaging. Constellium generated €5.2 billion of
revenue in 2015.
www.constellium.com
Forward Looking Statement
Certain statements contained in this press release may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. This press
release may contain "forward looking statements" with respect to
our business, results of operations and financial condition, and
our expectations or beliefs concerning future events and
conditions. You can identify forward-looking statements because
they contain words such as, but not limited to, "believes,"
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involve risks and uncertainties. Many risks and uncertainties
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to our business and operations. These risks and uncertainties
include, but are not limited to, the ability of Constellium and
Wise Metals to achieve expected synergies and the timing thereof;
the risk that the businesses will not be integrated successfully or
such integration may be more difficult, time-consuming or costly
than expected; Constellium's increased levels of indebtedness as a
result of the acquisition of Wise Metals, which could limit
Constellium's operating flexibility and opportunities; the
potential failure to retain key employees as a result of the
acquisition of Wise Metals or during the integration of the
business, the loss of customers, suppliers and other business
relationships as a result of the acquisition of Wise Metals;
disruptions to business operations resulting from the acquisition
of Wise Metals; slower or lower than expected growth in the North
American market for Body-in-White aluminium rolled products and
other risk factors set forth under the heading "Risk Factors" in
our Annual Report on Form 20-F, and as described from time to time
in subsequent reports filed with the U.S. Securities and Exchange
Commission. The occurrence of the events described and the
achievement of the expected results depend on many events, some or
all of which are not predictable or within our control.
Consequently, actual results may differ materially from the
forward-looking statements contained in this press release. We
undertake no obligation to publicly update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as required by law.
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SOURCE Constellium