Ceradyne, Inc. Receives $122.2 Million Ceramic Body Orders for U.S. Army
November 06 2006 - 2:19PM
Business Wire
Ceradyne, Inc. (Company) (NASDAQ:CRDN) received two ceramic body
armor delivery orders totaling $122.2 million from the U.S. Army,
Aberdeen Proving Ground, Maryland. The orders are for $57.3 million
of ESAPI and $64.9 million of ESBI (side plates) to be shipped from
December 2006 through March 2007. These new delivery orders will be
shipped against larger indefinite delivery/indefinite quantity
(ID/IQ) contracts announced earlier. Dave Reed, Ceradyne President
North American Operations, commented: �This delivery order may be
the largest single order ever received by Ceradyne. We are pleased
that the Army continues to issue large ESAPI and ESBI orders to our
Company. Utilizing both the Lexington, Kentucky facility and our
Costa Mesa, California plant, we expect to meet the Army�s quality
and delivery requirements. We anticipate receiving additional
orders late this year or in early 2007 for delivery in 2007.�
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 press
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. These risks
and uncertainties are described in the Company�s Annual Report on
Form 10-K for the fiscal year ended December 31, 2005, and its
Quarterly Reports on Form 10-Q, as filed with the U.S. Securities
and Exchange Commission. Ceradyne, Inc. (Company) (NASDAQ:CRDN)
received two ceramic body armor delivery orders totaling $122.2
million from the U.S. Army, Aberdeen Proving Ground, Maryland. The
orders are for $57.3 million of ESAPI and $64.9 million of ESBI
(side plates) to be shipped from December 2006 through March 2007.
These new delivery orders will be shipped against larger indefinite
delivery/indefinite quantity (ID/IQ) contracts announced earlier.
Dave Reed, Ceradyne President North American Operations, commented:
"This delivery order may be the largest single order ever received
by Ceradyne. We are pleased that the Army continues to issue large
ESAPI and ESBI orders to our Company. Utilizing both the Lexington,
Kentucky facility and our Costa Mesa, California plant, we expect
to meet the Army's quality and delivery requirements. We anticipate
receiving additional orders late this year or in early 2007 for
delivery in 2007." 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 press 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. These risks and uncertainties are described in the
Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2005, and its Quarterly Reports on Form 10-Q, as filed
with the U.S. Securities and Exchange Commission.
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