Another Order to an already robust Backlog...wow
Ceradyne, Inc. Receives $17.2 Million Armor Orders
COSTA MESA, Calif., Apr 29, 2004 (BUSINESS WIRE) -- Ceradyne, Inc. (Company)
(Nasdaq: CRDN) received additional orders totaling $17.2 million from government
agencies for the Company's ceramic body armor systems, including small arms
protective inserts (SAPI) as well as other body armor systems. Shipments on
these new orders will begin immediately and are expected to be completed in the
third and fourth quarters of 2004.
Joel Moskowitz, Ceradyne chief executive officer, commented: "We are pleased to
continue to receive orders for ceramic body armor systems. As previously
announced, the Company is committed to a continuing capacity expansion in its
ceramic armor systems product lines for body armor as well as military
vehicles."
Ceradyne develops, manufactures and markets advanced technical ceramic products
and components for defense, industrial, automotive/diesel and commercial
applications. Additional information about the Company can be found at
www.ceradyne.com.
Except for the historical information contained herein, certain matters
discussed in this news release constitute forward-looking statements that
involve risks and uncertainties that could cause actual results to differ
materially from those projected. The Company may use words such as
"anticipates," "believes," "plans," "expects," "intends," "future," and similar
expressions to identify forward-looking statements. These risks and
uncertainties are described in the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 2003, as filed with the Securities and Exchange
Commission.
SOURCE: Ceradyne, Inc. |
