Ceradyne Receives $14.1 M SAPI Body Armor Order

(Costa Mesa, Calif., September 30, 2008) -- Ceradyne, Inc. (NASDAQ: CRDN) announced that it has received a $14.1 million order for SAPI (Small Arms Protective Inserts) lightweight ceramic body armor. The order was issued by the U.S. Army RDECOM, Aberdeen Proving Grounds, Maryland. This new order brings Ceradyne's recent SAPI awards to a total of $39.2 million. The Company expects to begin shipments in late 4th quarter 2008, with completion prior to May 1, 2009. The order is a Foreign Military Sales (FMS) requirement.

David Reed, President of North American Operations, commented: "We are very pleased to receive this additional FMS body armor order. We believe that the government placed this order with Ceradyne, at least in part, due to its reliable delivery and quality performance on previous SAPI procurements. This is a new order from the U.S. Army and should not be confused with the anticipated XSAPI/ESAPI 5-year procurement which has not been awarded as of this date."

Source : Ceradyne Inc.

Events related to this topic

• Defence Exports Conference [Export Control; ITAR; FMS Regulations] - Oct 9 - 10, 2008, Arlington, VA, USA

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