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Ceradyne Receives $31.5 M Ceramic Body Armor Order
(Costa Mesa, Calif., May 14, 2008) -- Ceradyne, Inc. (NASDAQ:CRDN) has received a ceramic body armor delivery order for $31.5 million from the U.S. Army, Aberdeen Proving Ground, Maryland. The order is for Enhanced Side Ballistic Inserts (ESBI), which will be delivered from September 2008 through November 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. We anticipate, based on our past performance and production capacity in Costa Mesa, California, and Lexington, Kentucky, that we will ship all ESBI product at the required delivery and quality levels."
Source :
Ceradyne Inc.
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