Ceradyne, Inc. Receives $8 Million ESAPI Order
17 September 2009 - 9:30PM
Business Wire
Ceradyne, Inc. (NASDAQ: CRDN) received an $8 million ESAPI
(Enhanced Small Arms Protective Inserts) order which is expected to
be shipped in the first quarter of 2010. This order is a delivery
order issued by the Defense Supply Center Philadelphia against a
larger ID/IQ (Indefinite Delivery/Indefinite Quantity) three-year
contract issued in December 2007. Ceradyne’s practice is to only
book firm delivery orders such as the above $8 million as backlog
for scheduled delivery.
David P. Reed, Ceradyne President North American Operations,
commented: “We are very pleased to have received this order and
will continue to ship this ESAPI product on time with the high
standards of quality required. The government ordered the maximum
quantity on this contract and this delivery order closes the
contract. Ceradyne expects to bid further ESAPI sustainment
business on a new Request for Quotation expected in the fourth
quarter of 2009.”
Ceradyne develops, manufactures and markets advanced technical
ceramic products and components for defense, industrial,
automotive/diesel, and commercial applications. Additional
information about the Company can be found at www.ceradyne.com.
Except for the historical information contained herein, this
press release contains forward-looking statements regarding future
events and the future performance of Ceradyne that involve risks
and uncertainties that could cause actual results to differ
materially from those projected. Words such as “anticipates,”
“believes,” “plans,” “expects,” “intends,” “future,” and similar
expressions are intended to identify forward-looking statements.
These risks and uncertainties are described in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2008,
and its Quarterly Reports on Form 10-Q, as filed with the U.S.
Securities and Exchange Commission.
Ceradyne, Inc. (MM) (NASDAQ:CRDN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Ceradyne, Inc. (MM) (NASDAQ:CRDN)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Ceradyne, Inc. (MM) (NASDAQ): 0 recent articles
More Ceradyne, Inc. News Articles