BRSI Ballistic Recovery Systems Inc (CE)

BRS Aerospace (PINKSHEETS: BRSI), a manufacturer of whole-aircraft emergency parachute systems, military cargo and personnel parachutes, and reflective safety products, announced today that it had recently been awarded two new contracts by the US Army to manufacture more than 3,500 "High and Low Velocity" cargo parachutes over a two-year period. In addition, the Army increased a previous contract quantity awarded BRS this past Spring by more than 50%. Work for these new contracts will be divided between the company's North Carolina and Minnesota facilities while more than 100 new employees will be hired to fulfill these contracts. Combined, these new contracts are valued at more than $17,000,000 to BRS Aerospace over the period of the initial contracts.

The High and Low Velocity parachutes are designed to re-supply troops using the same container systems as are currently being used with the traditional nylon round canopy parachutes such as the 26-foot Ringslot and G-12 system. Both High and Low V chutes are constructed of low cost, easily obtainable, woven polypropylene. The High V is designed for deployments between 15,000-25,000 AGL while the Low V is for altitudes of 500-1,200 ft AGL.

"We are just ecstatic that the Government has recognized all the hard work we have undertaken in preparing ourselves for such contracts. We have invested heavily in capital, infrastructure, and quality processes to get to the point that we can meet and, in fact, exceed the military's exacting standards and required delivery schedules," said BRS CEO and President, Larry Williams. Added Vice President for Sales & Marketing, Gary Moore, "These products will provide our troops in the field sorely needed supplies in areas of the world inhospitable to ground-based re-supply methods. We are humbled by our part in this effort and only glad that the long-term strategy we undertook more than two years ago to diversify our product mix is now paying off with these substantive wins." Mr. Moore added, "No doubt these contracts will lead to even bigger opportunities within the Defense world where our almost 30 years of experience making quality commercial parachute systems can shine in new ways."

Note: BRS Aerospace is exhibiting in Hangar B, booth #2017, at this year's EAA AirVenture 2009 air show in Oshkosh, WI from July 27th-August 2nd, for anyone wishing to discuss this or other issues.

About BRS Aerospace

Based in South Saint Paul, Minnesota, BRS Aerospace consists of three divisions: BRS Aviation which designs, manufactures, and distributes whole-aircraft emergency parachute systems for general aviation and recreational aircraft; BRS Defense which designs and manufactures a variety of parachute systems for US Department of Defense and foreign military customers; and BRS Safety which designs and manufactures reflective and load-bearing safety vests, and other safety apparel and is a leader in the "cut & sew" industry. Since 1981, BRS Aerospace has delivered more than 30,000 parachute systems to aircraft owners worldwide, including over 3,500 systems on FAA-certificated aircraft such as the Cirrus Design SR20 and SR22 manufactured in Duluth, Minnesota and a variety of Cessna aircraft including the C-172/182 and new C-162 Skycatcher. To date, BRS Aerospace parachute recovery systems have been credited with saving the lives of 236 pilots and passengers.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words such as "anticipates," "expects," "plans," "believes," "intends," and other similar words or phrases. These statements are only predictions, and are based on current information and expectations. Such statements involve a number of risks and uncertainties, including market fluctuations, pricing, procurement, manufacturing efficiencies, operating risks, and other risks that could cause the actual results to differ materially from those projected. For more information, review the company's filings with the Securities and Exchange Commission, particularly the Company's annual report on Form 10-KSB. All forward-looking statements are qualified in their entirety by this cautionary statement, and BRS undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1032041 Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1032039

Add to Digg Bookmark with del.icio.us Add to Newsvine

CONTACT: Gary D. Moore Email Contact Larry E. Williams Email Contact Voice: 651-457-7491 FAX: 651-457-8651