Ceradyne, Inc. Receives $8.3 Million Ceramic Body Armor Order for U.S. Air Force
September 30 2005 - 1:24PM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq: CRDN) received an order for $8.3
million for its lightweight ceramic armor systems for use by the
U.S. Air Force. Shipments are expected to commence in November 2005
and be completed by March 2006. The order was placed by the Defense
Supply Center, Philadelphia (DSCP), which is part of the Defense
Logistics Agency. Joel Moskowitz, Ceradyne chief executive officer,
commented: "Ceradyne has been working with DSCP for over 5 years
and we are very pleased that this order was placed with us by that
procurement agency. We anticipate that there will be continuing
orders for this type of lightweight ceramic armor system products."
Ceradyne develops, manufactures and markets advanced technical
ceramic products and components for defense, industrial,
automotive/diesel and commercial applications. Additional
information about the Company can be found at www.ceradyne.com.
Except for the historical information contained herein, this news
release contains forward-looking statements regarding future events
and the future performance of Ceradyne that involve risks and
uncertainties that could cause actual results to differ materially
from those projected. Words such as "anticipates," "believes,"
"plans," "expects," "intends," "future," and similar expressions
are intended to identify forward-looking statements. Other risks
and uncertainties are described in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2004, and its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2005,
as filed with the U.S. Securities and Exchange Commission.
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