Aug 18 2010
Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has recently been awarded a $970,584 contract from the U.S. Air Force to supply trailer components kits.
Phoenix Aerospace, Inc. was also awarded two unexercised options for a total of $1,941,168 in the same contract.
Commenting on the contract award, Phoenix International Ventures, Inc.'s CEO, Mr. Zahir Teja, said: "We are very pleased to announce this strategic contract, the U.S. Air Force has chosen our own developed components to be installed in important U.S. Air Force equipment. The contract is for 24 kits for $970,584. The U.S. Air Force has options to acquire additional kits for the total amount of $1.94M. We strongly feel that the contract is a tribute to the confidence the U.S. Air Force has in our capabilities."