Category: Contracts
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COSTA MESA, Calif. -- Ceradyne, Inc. (NASDAQ:CRDN) received a $32.3 million ESAPI (Enhanced Small Arms Protective Inserts) order to be delivered in the second and third quarter of 2008. This order is a delivery order issued by the Defense Supply Center Philadelphia against a larger ID/IQ (Indefinite Delivery/Indefinite Quantity) three-year contract issued in December 2007. Ceradyne’s practice is to only book firm delivery orders such as the above $32.3 million as backlog for scheduled delivery. David P. Reed, Ceradyne President North American Operations, commented: “We are very pleased to have received this order and believe we will continue to ship this ESAPI product on time with the high standards of quality required. Based on non-binding conversations with the government, we believe that there will be additional delivery orders against the blanket ID/IQ contract this year.” |
Ceradyne |