Ceradyne Receives $14.3 Million Add-On SAPI Armor Order
November 27, 2003
Ceradyne, Inc. recently received a $14.3 million add-on order for small arms protective inserts (SAPI) for delivery in 2004, under an amendment to the $29 million SAPI order announced on September 29, 2003, bringing the total SAPI orders scheduled for 2004 delivery to more than $43 million. The amendment was issued by the same U.S. Department of Defense office as the original multi-year contract. "We are pleased to receive this additional order and will be able to produce these SAPI plates with the current production line that is in place in Costa Mesa, California," said Joel Moskowitz, chief executive officer. "Additionally, we are expanding our armor production capacity in anticipation of further government requirements."
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