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Ceradyne, Inc. recently announced that it has received a $73 million delivery order for XSAPI body armor plates. The order, which is the first production delivery order against the $2.37 billion indefinite delivery/indefinite quantity (ID/IQ) contract announced on October 6, 2008, is scheduled to be completed within the next 12 months. Delivery commencement is subject to approval of the first article testing (FAT) order, which was placed simultaneously with the large ID/IQ contract.
“We are pleased to have received this initial volume production delivery order against the large five-year procurement ID/IQ contract announced earlier,” said David P. Reed, president of North American Operations. “We believe that this will be the first of a series of volume production delivery orders to be issued against the ID/IQ five-year contract.”
Additional information is available at www.ceradyne.com.