Fighting takeover Point Blank wins contract

by: Matthew Potter
August 18, 2008

Category: Acquisitions, Contract Awards, Florida, Point Blank Solutions, production program, U.S. Navy | RSS 2.0

According to the South Florida Business Journal, Point Blank Solutions won a contract to provide tactical vests. The contract could be worth over $20 M. Point Blank Solutions has been supplying body armor to the US Armed Forces for several years. At the same time the company is trying to prevent being bought by a hedge fund. They turned down one offer for the company last year, but now it looks like the shareholders will be allowed to vote on the deal.

For more see the South Florida Business Journal article.

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