Ceradyne Receives $7.1 Million SAPI Armor Order
July 30, 2003
Ceradyne, Inc. recently announced that it has been awarded a new order for approximately $7.1 million of small arms protective inserts (SAPI) by the Defense Supply Center Philadelphia for the U.S. Army. This new order is on an expedited basis and is scheduled to be completed before the end of 2003. "We expect to meet the expedited deliveries of this new SAPI order because of the additional capacity which was recently brought on stream within our 41,000-square-foot Irvine facility," said Joel Moskowitz, chief executive officer. "We anticipate that this armor assembly area dedicated to SAPI will be able to not only meet this current order but future potential armor orders as well."