Armor Holdings, Inc. Receives $112 M Award for Improved Outer Tactical Vest
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(Jacksonville, Fla., June 8, 2007) -- Armor Holdings (NYSE: AH), a leading manufacturer and distributor of military vehicles, vehicle armor systems and life safety and survivability systems serving military, law enforcement, homeland security and commercial markets, announced today the receipt of a new contract award for $112 million to provide the Improved Outer Tactical Vest to the U.S. Army. The Company stated that this new generation of vest was selected by the Army from competing designs and will become the standard for the integrated body armor ensemble. Work will be performed in 2007 and 2008 by the Armor Holdings Aerospace and Defense Group at its facilities located in Tennessee and Pennsylvania.
Robert Schiller, President of Armor Holdings, Inc., said, "We are extremely proud that the Armor Holdings design was selected by the U.S. Army as the standard for the Improved Outer Tactical Vest. The Company responded to the U.S. Army's effort to field test an ensemble that provides greater user comfort, more sizes and greater range of adjustment, enhanced ballistic coverage area, reduced weight, and an emergency quick-release system. Most significantly, this contract enables Armor Holdings to begin immediately to field vests required to outfit our Soldiers deployed in Iraq and Afghanistan, and we expect to participate in replacing all current systems in use today."
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Armor Holdings Inc.
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