Ceradyne Receives $5.3 Million Order
January 15, 2002
Ceradyne, Inc. recently announced it has received a $5.3 million order for lightweight ceramic inserts for use in armor to protect U.S. Army forces. The order was issued by the United States Defense Logistics Agency (Agency). The Agency awarded the $5.3 million initial release under an indefinite quantity, firm fixed price contract after approving the company's First Article, which was shipped in November. Production and shipments against this initial release will occur over the next four months, with the next release expected in early 2002. Joel Moskowitz, Ceradyne chief executive officer, commented, "We are pleased to see this new business developing as anticipated, especially since it is one of the largest single armor plate orders ever awarded to the company. With production of ceramic diesel engine components and ceramic orthodontic brackets moving out of Costa Mesa to our new Irvine, California, site, we will have sufficient capacity in Costa Mesa to meet the production schedule for this order and for subsequent releases from the Agency."
Additional information about the company can be found at http://www.ceradyne.com.