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Costa Mesa CA (SPX) Nov 18, 2010 Ceradyne has announced that it has received a delivery order for approximately $56.3 million for ESAPI (Enhanced Small Arms Protective Insert) ceramic body armor plates. Ceradyne will begin shipping this ESAPI production release late this year with full shipment expected to be completed late in first quarter 2011. The release was issued under the $2.37 billion ID/IQ (Indefinite Delivery / Indefinite Quantity) contract originally issued in October 2008 and scheduled to expire in September 2013. There is a balance of approximately $2.2 billion remaining on the ID/IQ contract. Ceradyne's practice is to only book firm delivery orders such as the above $56.3 million as backlog for scheduled delivery. David P. Reed, Ceradyne President, North American Operations, commented: "We are extremely pleased to have been awarded this ESAPI contract. We anticipate meeting the government's quality and delivery requirements with this delivery order shipped complete in Q1 2011."
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Alleged Russian arms dealer pleads not guiltyNew York (AFP) Nov 17, 2010 Russia's so-called "Merchant of Death," accused of running a global arms empire, pleaded not guilty to terrorism charges here Wednesday, after being extradited from Thailand against Moscow's wishes. "He will plead not guilty," a lawyer for Viktor Bout, 43, said in a New York federal court. Judge Shira Scheindlin then ordered Bout to remain in detention until a hearing set for January 10. ... read more |
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