Ceradyne Receives SAPI Award to Produce Ceramic Armor
November 7, 2001
Ceradyne Inc. recently announced that it has received a small arms protective inserts (SAPI) lightweight ceramic personnel armor award from the U.S. Defense Logistics Agency. The award represents an indefinite quantity, firm fixed-price contract, with First Article, or the first test shipment for evaluation, due in November 2001. Upon agency approval, the company is scheduled under the contract to ship an initial order of approximately $1.8 million by the end of December 2001. Joel Moskowitz, Ceradyne chief executive officer, stated, "We anticipate that once Ceradyne's SAPI armor First Article is approved and the initial contract order is shipped, the government will continue to issue monthly 'delivery orders' at a rate of $1.8 million per month for up to six months. Subsequent orders would depend on military requirements and Ceradyne's ability to meet those requirements. I believe the U.S. military's needs are greater than this initial award and may extend out several years," Moskowitz added. "As a result, I am particularly pleased that the multimillion-dollar expansion of our armor-producing capacity was recently completed at our Costa Mesa, California, facility, since it will allow us to meet and exceed the delivery requirements and, thereby, contribute to America's war on terrorism."
Additional information be found at http://www.ceradyne.com.