Ceradyne, Inc. Receives Approximately $17.8 Million Ceramic Body Armor Order for U.S. Air Force
October 31 2005 - 7:30AM
Business Wire
Ceradyne, Inc. (Company) (Nasdaq:CRDN) received an order totaling
approximately $17.8 million for its lightweight ceramic armor
systems for use by the U.S. Air Force. Shipments are expected to
commence in January 2006 and be completed by September 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 additional 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
Reports on Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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