Ceradyne, Inc. Receives Second Enhanced Combat Helmet (ECH) Award
May 15 2012 - 7:30AM
Marketwired
Ceradyne, Inc. (NASDAQ: CRDN) has received the second of two low
rate initial production Enhanced Combat Helmet (ECH) orders. This
release has a value of approximately $3.9 million. The full
multi-year production order is expected by the end of the second
quarter of calendar year 2012. The total for the initial orders
plus full production is expected to exceed $170 million.
Ceradyne's practice is to only book orders with firm release
dates and will only include the first two low rate initial
production orders as backlog.
This second low rate initial production order will be shipped to
both the U.S. Marine Corps and the U.S. Army starting in the second
quarter of calendar year 2012.
David Reed, Ceradyne Vice President and President of North
American Operations, commented: "We are extremely pleased to have
been awarded this ECH order. The ECH is a significant technology
leap forward for our Marines and Soldiers in providing increased
head protection on the battlefield. We anticipate meeting the
government's performance, quality and delivery requirements with
this order and look forward to meeting all of the requirements of
full rate production in the near future."
About Ceradyne, Inc. Ceradyne develops, manufactures, and
markets advanced technical ceramic products and components for
defense, industrial, energy, automotive/diesel, and commercial
applications.
In many high performance applications, products made of advanced
technical ceramics meet specifications that similar products made
of metals, plastics or traditional ceramics cannot achieve.
Advanced technical ceramics can withstand extremely high
temperatures, combine hardness with light weight, are highly
resistant to corrosion and wear, and often have excellent
electrical capabilities, special electronic properties and low
friction characteristics. Additional information about the Company
can be found at http://www.ceradyne.com.
Forward-Looking Statements 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, 2011 and its Quarterly Reports on
Form 10-Q as filed with the U.S. Securities and Exchange
Commission.
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