Armor Holdings Receives $58 Million In New Military Awards and $18.3 Million of Exercisable Options for 2006

Category: Contracts

JACKSONVILLE, Fla., -- Armor Holdings, a leading manufacturer of security products and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, announced today the recent receipt of new orders totaling $58 million for individual equipment and heavy tactical wheeled vehicle armor components.

Armor Holdings indicated that the U.S. Marine Corps has ordered $9.3 million in ceramic protective inserts as part of the individual body armor ensemble, and that the Defense Supply Center-Philadelphia issued a $27.9 million purchase order for continued production of components for the U.S. Army Modular Light Weight Load Carrying Equipment ("MOLLE") system.

The Company also indicated that recent orders included the purchase of heavy truck armor components totaling $21.1 million, plus exercisable options of $18.3 million to support the U.S. Army Tank-automotive and Armaments Command (TACOM). The vehicle work will provide add-on-armor equipment for the M915, HEMTT, PLS and HET vehicles, including numerous full armor kits as well as spare armor panels and ballistic glass.

All work is scheduled to be performed in 2006 with vehicle and body armor production at the Armor Holdings Aerospace and Defense Group facilities in Phoenix, Arizona, and individual equipage completed at the Company's Kentucky and Tennessee locations.

Robert Schiller, President of Armor Holdings, Inc., said, "We are proud to begin 2006 with additional opportunities to support the U.S. military's efforts to ensure force protection and survivability of our deployed Armed Forces. These orders highlight the diversity of our product offering within the defense industrial base and we are honored to play such an integral role in support of the U.S. Army Tank-automotive and Armaments Command, the U.S. Marine Corps Systems Command, and the Defense Supply Center-Philadelphia. We pledge to continue our commitment to these important organizations and to all of the critical survivability and equipage programs throughout the coming year."

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