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Armor Holdings, Inc. Receives $78 Million Up-Armored HMMWV Order

Category: Contracts

M1114

JACKSONVILLE, Fla. -- Armor Holdings, Inc., a leading manufacturer and distributor of security products and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, announced today that it has received a $78 million contract award from the U.S. Army Tank-automotive and Armaments Command to provide additional M1114 Up-Armored HMMWVs.

The company indicated that all Up-Armored HMMWVs purchased under this order will be delivered to the United States Marine Corps. Work will be completed in 2005 and into 2006 by Armor Holdings` Aerospace and Defense Group facilities located in Fairfield, Ohio.

The company also stated that it will provide an update to previously provided fiscal year 2005 financial guidance during its July second quarter conference call scheduled for July 21, 2005. Robert Schiller, President of Armor Holdings, Inc., said, "We are grateful that the U.S. Marine Corps Systems Command has elected to continue fielding M1114 Up-Armored HMMWVs through the U.S. Army contract in support of our Marines serving in Iraq. This new order enables us to sustain monthly production rates at a minimum of 550 vehicles per month through 2005 and adds to previously announced 2006 backlog.

We are proud to support the Corps and look forward to additional opportunities to support our Marines, Soldiers, and other potential customers of the Up-Armored HMMWV." Armor Holdings, Inc. is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets.

Armor Holdings, Inc.
22.07.2005

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