Engineered Support Receives $8.5 Million Contract Order From Air Force
/FROM PR NEWSWIRE CHICAGO 888-776-6551/
TO BUSINESS EDITOR:
Engineered Support Receives $8.5 Million Contract Order From Air Force
ST. LOUIS, Oct. 11 /PRNewswire-FirstCall/ --
Engineered Support Systems, Inc. (Nasdaq: EASI) received an order for
$8.5 million from the U.S. Air Force for production of its Field Deployable
Environmental Control Units (FDECU). The Air Force exercised options on an
expedited basis under an existing contract to purchase the FDECU in order to
meet the military's urgent surge requirements, according to Michael F.
Shanahan, Sr., Chairman and CEO.
The FDECU, a field deployable heat pump, has become a staple for most
military units in remote areas where controlled air temperatures are required
to include protection against chemical and biological agents. The FDECU is
used to cool, heat, dehumidify, filter and circulate air for portable
shelters, hospital systems, tents and fixed sites to satisfy electrical and
personnel climate control requirements. The current order requires that all
units be delivered to the Air Force within one year to support its heightened
military operations around the globe.
More than 10,000 FDECU units have been ordered to date under a multi-year
contract bringing the cumulative funded value of the contract to more than
$116 million in total revenues. Including remaining unexercised production
options, the entire remaining FDECU contract backlog stands at approximately
$52 million with production expected to run through 2004.
Engineered Support Systems, Inc. is a diversified supplier of high-tech,
integrated military electronics, support equipment and logistics services for
all branches of America's armed forces and certain foreign militaries. The
Company also serves a variety of commercial customers. For additional
information about Engineered Support Systems, please visit the Company's
website at www.engineeredsupport.com .
Fred |
