Ceradyne, Inc. Receives $14.1 Million SAPI Body Armor Order
September 30 2008 - 1:18PM
Business Wire
Ceradyne, Inc. (NASDAQ: CRDN) announced that it has received a
$14.1 million order for SAPI (Small Arms Protective Inserts)
lightweight ceramic body armor. The order was issued by the U.S.
Army RDECOM, Aberdeen Proving Grounds, Maryland. This new order
brings Ceradyne�s recent SAPI awards to a total of $39.2 million.
The Company expects to begin shipments in late 4th quarter 2008,
with completion prior to May 1, 2009. The order is a Foreign
Military Sales (FMS) requirement. David Reed, President of North
American Operations, commented: �We are very pleased to receive
this additional FMS body armor order. We believe that the
government placed this order with Ceradyne, at least in part, due
to its reliable delivery and quality performance on previous SAPI
procurements. This is a new order from the U.S. Army and should not
be confused with the anticipated XSAPI/ESAPI 5-year procurement
which has not been awarded as of this date.� 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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