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Ceradyne Receives $41.1 M Ceramic Body Armor Order
(Costa Mesa, Calif., April 1, 2008) -- Ceradyne, Inc. (NASDAQ:CRDN) received a ceramic body armor delivery order for $41.1 million from the U.S. Army, Aberdeen Proving Ground, Maryland. The order is for Enhanced Side Ballistic Inserts (ESBI) which will be delivered from June 2008 through September 2008. This new delivery order will be shipped against an indefinite delivery/indefinite quantity (ID/IQ) contract announced in July 2006 which covers a five-year delivery period.
David P. Reed, Ceradyne President North American Operations, commented: "We are pleased with this recent side plate delivery order which continues to provide future shipment visibility. Based on non-binding discussions with the Army, we believe there will be further delivery orders in the second quarter."
Source :
Ceradyne Inc.
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