Ceramic Industry

Ceradyne Receives $400 Million ID/IQ Body Armor Order (posted 1/10/08)

January 10, 2008
Ceradyne, Inc. has been awarded an indefinite delivery/indefinite quantity (ID/IQ) order estimated to be in excess of $400 million.

Ceradyne, Inc. has been awarded a five-year indefinite delivery/indefinite quantity (ID/IQ) order from the U.S. Special Operations Command (USSOCOM), MacDill Air Force Base, Fla. The order is estimated to have a maximum value in excess of $400 million. The initial $4.9 million delivery order against the ID/IQ contract is scheduled for delivery in early 2008.

The order is for the family of ballistic plates for body armor load carriage system (BALCS). ID/IQ orders allow the government a great deal of flexibility as to the exact quantities that will be ordered, as well as the timing. This ID/IQ order is estimated to have less than a $6 million minimum value and a maximum value in excess of $400 million. It is Ceradyne’s policy to only book an order as firm backlog that has committed delivery dates, such as the above initial $4.9 million delivery order.

“We are extremely pleased to have received this multi-year BALCS order from the Special Operations Command (SOCOM),” said David P. Reed, Ceradyne president of North American Operations. “We have been supplying lightweight ceramic armor to SOCOM since the late 1990s and believe our past history of high quality and on-time deliveries helped us in this recent ‘win.’ Based on past practice and non-binding conversations with the government, we believe there will be a series of delivery orders issued in 2008 against the blanket ID/IQ contract.”

Additional information is available at www.ceradyne.com.