Ceradyne, Inc. Receives $31.5 Million Ceramic Body Armor Order for U.S. Army
May 14 2008 - 7:30AM
Business Wire
Ceradyne, Inc. (NASDAQ:CRDN) has received a ceramic body armor
delivery order for $31.5 million from the U.S. Army, Aberdeen
Proving Ground, Maryland. The order is for Enhanced Side Ballistic
Inserts (ESBI), which will be delivered from September 2008 through
November 2008. This new delivery order will be shipped against an
indefinite delivery/indefinite quantity (ID/IQ) contract announced
in July 2006, which covers a five-year delivery period. David P.
Reed, Ceradyne President North American Operations, commented: �We
are pleased with this recent side plate delivery order which
continues to provide future shipment visibility. We anticipate,
based on our past performance and production capacity in Costa
Mesa, California, and Lexington, Kentucky, that we will ship all
ESBI product at the required delivery and quality levels.� 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, 2007, and its Quarterly
Reports on Form 10-Q, as filed with the U.S. Securities and
Exchange Commission.
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