EASI gets another contract:
Engineered Support Receives $8.5 Million Contract For Chemical Biological Shelte
/FROM PR NEWSWIRE CHICAGO 888-776-6551/ TO BUSINESS EDITOR: Engineered Support Receives $8.5 Million Contract For Chemical Biological Shelter Units ST. LOUIS, May 16 /PRNewswire-FirstCall/ -- Engineered Support Systems, Inc. (Nasdaq: EASI) has received an order totaling $8.5 million for production of 20 of its Chemical Biological Protected Shelter (CBPS) systems under an existing contract with the U.S. Army. The receipt of this order brings the total number of CPBS systems under contract to 143 units, according to Michael F. Shanahan, Sr., Chairman and CEO. CBPS, designed for use in chemically or biologically contaminated areas, is a self-contained, environmentally controlled and contamination-free work area that can serve as a mobile medical aid station, field command post or emergency facility. The CBPS can be deployed and fully operational in less than 20 minutes, which is a critical characteristic since it is designed to be relocated as many as three times each day. The U.S. Army Soldier & Biological Chemical Command in Natick, MA (Natick) is the procuring agency on the CBPS contract and the units are produced at the Company's Engineered Air Systems subsidiary in St. Louis. "The threat of attack featuring biological or chemical agents via warfare or terrorist attack has unfortunately never been more dire." Shanahan commented, "Our CBPS system is capable of providing collective protection from these unseen weapons of mass destruction to our military personnel in the field. Currently designated for use as a mobile medical aid station, the CBPS can also house a military command post and is suitable for various Homeland Defense uses as well. We expect the highly successful CBPS program to remain a key component of our Company's military support business for the foreseeable future." With the receipt of this order, the current CBPS contract backlog stands at 21.9 million, including unfunded production options for another 156 units. Engineered Support Systems, Inc. engineers and manufacturers a wide range of electronics and military support equipment for various branches of the U.S. military and commercial customers. For more information, please visit the Company's website at www.engineeredsupport.com .
Fred |