06/22 10:19 Allied Research's Subsidiary Receives
Contracts for $1M in
Support <ALR.A>
Allied Research's Subsidiary Receives Contracts for $1M in Support Services
VIENNA, Va.--(BUSINESS WIRE)--June 22, 1999--Allied Research
Corporation, (AMEX:ALR), a diversified defense and commercial electronic
security firm, announced today that its subsidiary, Barnes & Reinecke, Inc.,
based in Arlington Heights, IL, was awarded several contracts from the U. S.
Army, Rock Island, Illinois and Oshkosh Truck Company totaling $1 million
in new awards. The contracts include M109 upgrade kits for Portugal under
the Foreign Military Sales (FMS) Program and support work for Oshkosh
Truck Company integrated logistic support. This follows $44 million in
contracts announced to other Allied Research Corporation subsidiaries in
early June 1999 for ammunition and electronic products.
Barnes & Reinecke, Inc., is an innovative firm with design, engineering,
production and logistical services using the latest computer-aided design and
manufacturing tools. BRI is a leader in systems technical support for United
States Army combat equipment.
Dr. J. R. Sculley, Chairman & Chief Executive Officer, of Allied Research,
stated that BRI has been engaged in partnerships with several major firms
over the past several years. This enables each firm to be able to provide the
U. S. Army with the best possible design, engineering and production
available. We are extremely proud of the work being performed by the very
talented individuals at BRI.
Allied Research is a diversified defense and commercial electronic security
firm. Its operating units develop and produce ammunition and weapon
systems; supply equipment performance upgrades for defense departments
worldwide; and design, produce and market sophisticated electronic security
and access control systems.
Certain statements contained herein are "forward looking" statements as
such term is defined in the Private Securities Litigation Reform Act of 1995.
Because such statements include risks and uncertainties, actual results
may differ materially from those expressed or implied. Factors that could
cause actual results to differ materially from those expressed or implied
include, but are not limited to, those discussed in filings by the Company
with the Securities and Exchange Commission.
--30--ks/ny*
CONTACT: Allied Research Corporation, Vienna
Susan Urbaniak
(800) 847-5322
www.alliedresearch-alr.com Today's News On The Net - Business Wire's full
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