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2005-09-29
Armor Holdings announces
components order for
new HMMWV armor system
Seattle, WA, USA--(Jobwerx News)--Armor order includes specific armor
sub-system components to AM General for inclusion in the M1114 Up-Armored
HMMWV vehicle manufacturing process.
Armor Holdings, Inc. announced the receipt of orders valued at $54.6
million from AM General under a blanket purchase agreement supporting
the M1151 and M1152 HMMWV program.
Armor Holdings stated that approximately $42.5 million has been awarded
for armor component production and another $12.1 million for purchase
of long lead materials necessary for anticipated future manufacturing.
The Company advised that the orders will supply specific armor sub-system
components to AM General for inclusion in the vehicle manufacturing process
as well as a specially designed armor package which may be added to the
vehicle in the field to obtain the baseline level of protection specified
for the M1114 Up-Armored HMMWV.
Work under the new award will be performed during 2006 at the Armor Holdings
Aerospace and Defense Group facilities in Fairfield, Ohio and Phoenix,
Arizona.
Robert Schiller, President of Armor Holdings, Inc., said, "This order
builds additional backlog for 2006 and reinforces our ongoing effort to
develop and produce the latest force protection technology to meet the
new vehicle armor sub-system requirements in support of AM General and
the U.S. Army Tank-automotive and Armaments Command. We are proud to be
a significant participant in the development and production of the newest
version of up-armored light tactical vehicles and will remain committed
to being the premier supplier of armor systems to the U.S. military, and
ultimately to our men and women in uniform."
Armor Holdings, Inc. (NYSE: AH), listed on FORTUNE Magazine's 2005 "100
Fastest-Growing Companies List" and a member of the S&P Smallcap 600 Index,
is a diversified manufacturer of branded products for the military, law
enforcement and personnel safety markets.
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