Breeze-Eastern Awarded $3.2 Million CH-47 Aircraft Cargo Hook Contract
February 19 2008 - 4:26PM
Business Wire
Breeze-Eastern Corporation (AMEX:BZC) announced today it was
awarded a $3.2 million firm-fixed price contract by the U.S. Army
Aviation and Missile Command, Redstone Arsenal, Alabama for one
hundred and forty (140) C-160 Cargo Hooks for the CH-47 Aircraft.
The contract is for one of the two option years included in the
base contract. �This contract represents another milestone for
Breeze-Eastern�s continuing support of the U.S. Army�s Chinook
helicopters,� stated Robert L. G. White, President and CEO of
Breeze-Eastern Corporation. �Breeze-Eastern�s commitment to the
U.S. Army�s premier heavy-lift helicopter has been in place for
over 20 years and demonstrates the Company�s long-term support for
this aircraft which will continue to provide heavy-lift capability
to the U.S. Army well into the 21st Century.� Breeze-Eastern
Corporation (http://www.breeze-eastern.com) is the world�s leading
designer and manufacturer of sophisticated lifting devices for
military and civilian aircraft, including rescue hoists, cargo
hooks, and weapons-lifting systems. The Company, formerly known as
TransTechnology Corporation, employs approximately 180 people at
its facility in Union, New Jersey, and reported net sales of $73.3
million in the fiscal year ended March 31, 2007. INFORMATION ABOUT
FORWARD-LOOKING STATEMENTS Certain statements in this press release
constitute �forward-looking statements� within the meaning of the
Securities Act of 1933, as amended, and the Securities Exchange Act
of 1934, as amended (the "Acts"). Any statements contained herein
that are not statements of historical fact are deemed to be
forward-looking statements. The forward-looking statements in this
press release are based on current beliefs, estimates and
assumptions concerning the operations, future results, and
prospects of the Company. As actual operations and results may
materially differ from those assumed in forward-looking statements,
there is no assurance that forward-looking statements will prove to
be accurate. Forward-looking statements are subject to the safe
harbors created in the Acts. Any number of factors could affect
future operations and results, including, without limitation,
competition from other companies; changes in applicable laws, rules
and regulations affecting the Company in the locations in which it
conducts its business; the availability of equity and/or debt
financing in the amounts and on the terms necessary to support the
Company�s future business; interest rate trends; order flow
associated with the delay in enactment of the 2008 Federal Defense
budget; determination by the Company to dispose of or acquire
additional assets; general industry and economic conditions; events
impacting the U.S. and world financial markets and economies; and
those specific risks that are discussed in the Company�s previously
filed Annual Report on Form 10-K for the fiscal year ended March
31, 2007, and Quarterly Report on Form 10-Q for the period ended
December 30, 2007. The Company undertakes no obligation to update
publicly any forward-looking statements, whether as a result of new
information or future events.
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