Filed under: Business Line, Ceradyne, Companies, Contract Awards, Countries, Events, Iraq, production program
Ceradyne announced that it was awarded a contract to provide armor plates for new naval vessels being built for Iraq. The sub-contract is with Turner Strategic Technologies who is actually building the ships. If all parts of the main contract is exercised Ceradyne’s part could be worth $6 million.
Iraq has slowly been investing in new and more modern equipment over the last few years. This has included helicopters and some basic fixed wing aircraft. The Iraqi Navy especially has languished since the First Gulf War and these new ships will be a welcome upgrade to its capability.
Filed under: Business Line, California, Ceradyne, Companies, Department of Defense, Earnings, Events, logistics, production program, Services, States
Ceradyne the maker of ceramic armor for a variety of military applications reports that despite a drop in revenue it expects to make its profit estimate for 2009. Though new test and acceptance processes by the military have delayed shipments and booking of revenue from 2009 into 2010 the company still projects a profit of greater then $15 million. The company has begun diversifying into other markets including energy production including solar, oil and gas. 2010 is also estimated to be as good or better then the past year as the company has made efforts to reduce its costs.
Filed under: Ceradyne, Contract Awards, production program, US SOC
The United States Special Operations Command (US SOC) awarded a $4.98 M contract to Ceradyne Inc for ballistic plates to fit into the Body Armor Load Carriage System. If all of the contract is executed it could be worth up to $406 M. See Defenselink.mil here. For more on Ceradyne see this.