Ceradyne, Inc. has received a $9.3 million order for its lightweight ceramic body armor system for use by the U.S. Marine Corps. Shipments were expected to commence in January 2006 and be completed in the second quarter of the year.
H2Show is the name for Cevisama's new venture, which will highlight the trends that exhibitors are showing in bathroom and kitchen furnishings. Cevisama will be held February 7-11, 2006, in Valencia, Spain. H2Show is part of the Cevisama Indi program, which encompasses all of the events relating to innovation and design that take place during the main exhibition.
Lenox will add 100 jobs and spend $2.5 million to expand its plant in Kinston, N.C., which will have the distinction of being the only Lenox manufacturing facility in the U.S. As an incentive for job creation, Lenoir County will pay Lenox $60,000 over three years. That figure is based on a formula that pays a stipend for each new full-time job Lenox creates through expansion.
Ceradyne, Inc. has agreed to sell 1,800,000 shares of its common stock at a price of $43.31 per share in an underwritten public offering. The company has granted the underwriters a 30-day option to purchase up to an additional 270,000 shares of common stock to cover over-allotments.
The U.S. Army Tank-Automotive and Armaments Command has awarded Alcoa a $12.5 million, three-year, research, development and engineering contract to develop lightweight aluminum structures for military ground combat and tactical vehicles.