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Ceradyne Receives $14.6 Million Orders for Ceramic Armor for Elite Soldiers

Sep 26 2005

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Ceradyne has received orders totaling $14.6 million for its lightweight ceramic armor systems: approximately $12 million for certain elite U.S. fighting units and $2.6 million for the U.S. Marine Corps. Shipments are expected to commence in October 2005 and be completed by August 2006.

These new orders are separate from the $461 million contract for SAPI and ESAPI for the U.S. Army announced on August 20, 2004.

Joel Moskowitz, Ceradyne chief executive officer, commented: "I am pleased that the orders for ceramic armor being received by Ceradyne represent not only potential growth beyond ESAPI products but also the addition of new customers. Approximately $1.56 million of the above orders is for specially designed body armor, shaped to protect other areas of the body in addition to the chest and back, which Ceradyne's current line of body armor is designed to protect."

http://www.ceradyne.com

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