Ceradyne Receives $4.2 Million Ceramic Body Armor Order
November 17, 2004
Ceradyne, Inc. recently announced the receipt of a $4.2 million delivery order for its lightweight ceramic body armor. This order was awarded to Ceradyne by the Defense Supply Center in Philadelphia (DSCP) under the Indefinite Delivery/Indefinite Quantity (ID/IQ) contract that the company announced in September 2003. "We expect to continue receiving additional delivery orders against this ID/IQ contract," said Joel Moskowitz, chief executive officer. "Under an ID/IQ government type contract, the government is obligated to purchase only certain minimum quantities. Ceradyne only records as an order delivery orders that have specific delivery schedules. Therefore, our projections of follow-on business from ID/IQ contracts anticipate receipt of additional releases or delivery orders."
Additional information can be found at http://www.ceradyne.com.