Ceradyne, Inc. Receives M-ATV Vehicle Armor Contract
December 28 2009 - 12:40PM
Business Wire
Ceradyne, Inc. (NASDAQ: CRDN) announced that it has received a
multi-million dollar blanket purchase order from Plasan Sasa Ltd.,
Israel, for the production of armor components for the MRAP All
Terrain Vehicle (M-ATV). Ceradyne plans to produce these parts in
its expanded armor assembly plant in Irvine, California, for
delivery to Oshkosh Corporation, the prime contractor. Oshkosh will
assemble the components and deliver the M-ATV to the
government.
All manufacturing procedures for these M-ATV components have now
been approved and Ceradyne production commenced this month. It is
anticipated that production and delivery will continue throughout
2010.
Marc King, Ceradyne’s Armor Systems President, stated that
Ceradyne was pleased to work in cooperation with Plasan in order to
insure quality M-ATV parts are delivered on an expedited delivery
schedule to Oshkosh in order to support our troops in the
field.
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, 2008,
and its Quarterly Reports on Form 10-Q, as filed with the U.S.
Securities and Exchange Commission.
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