Ceradyne, Inc. Receives $73 Million XSAPI Body Armor Order
October 09 2008 - 7:30AM
Business Wire
Ceradyne, Inc. (NASDAQ:CRDN) announced that it has received a
delivery order for $73 million for XSAPI body armor plates. This
order is the first production delivery order against the $2.37
billion ID/IQ (Indefinite Delivery/Indefinite Quantity) contract
announced on October 6, 2008. This production order is scheduled to
be completed within the next twelve months. Delivery commencement
is subject to approval of the First Article Testing (FAT) order
which was placed simultaneously with the large ID/IQ contract.
David P. Reed, Ceradyne President North American Operations,
commented: �We are pleased to have received this initial volume
production delivery order against the large five year procurement
ID/IQ contract announced earlier this week. We believe that this
will be the first of a series of volume production delivery orders
to be issued against the ID/IQ five-year contract.� 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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