The Allied Defense Group Announces $10.7 Million in Ammunition Contracts for Mecar USA
2009年10月27日 - 9:30PM
PRニュース・ワイアー (英語)
VIENNA, Va., Oct. 27 /PRNewswire-FirstCall/ -- The Allied Defense
Group, Inc. (AMEX:ADG) announced that its subsidiary, Mecar USA,
has received ammunition contracts totaling $10.7 million. The
largest contract is an ammunition services order to provide
Non-Standard Ammunition for the security forces of Afghanistan. The
first order of this contract is worth approximately $10.1 million,
with the potential for subsequent orders over the next three years.
Work on the first order will begin immediately and is scheduled to
be completed by mid-2010. "These contract wins expand on the
significant growth that our Mecar USA subsidiary has shown since
its inception four years ago," said Major General (Ret) John J.
Marcello, President and Chief Executive Officer of The Allied
Defense Group. "They also build on the Allied Defense Group's
long-standing history of supporting the US government's ammunition
and ammunition-related services needs. Our exemplary reputation in
the global ammunitions market, coupled with our unique positioning,
allows us to be successful in competitive situations like this
one." About The Allied Defense Group, Inc. The Allied Defense
Group, Inc. is a multinational defense company focused on the
manufacture, sale and distribution of ammunition and
ammunition-related products for use by the U.S. and foreign
governments. For more Information, please visit the Company web
site: http://www.allieddefensegroup.com/. Certain statements
contained herein are "forward looking" statements as such term is
defined in the Private Securities Litigation Reform Act of 1995.
Because statements include risks and uncertainties, actual results
may differ materially from those expressed or implied and include,
but are not limited to, those discussed in filings by the Company
with the Securities and Exchange Commission. For More Information,
Contact: Geoff Grande, CFA FD 617-747-1721 DATASOURCE: Allied
Defense Group, Inc. CONTACT: Geoff Grande, CFA, FD,
+1-617-747-1721, for Allied Defense Group, Inc. Web Site:
http://www.allieddefensegroup.com/
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