JACKSONVILLE, Fla. --- Armor Holdings, Inc., a leading manufacturer and distributor of security products and vehicle armor systems serving law-enforcement, military, homeland security and commercial markets, announced today that it has received a new indefinite quantity and indefinite delivery contract valued at $53 million to provide ballistic glass for the U.S. Army Up-Armored HMMWV fleet.
The new contract was awarded by U.S. Army Tank-automotive and Armaments Command for a three- year period with exact quantities to be determined based on replacement needs for ballistic glass. Of the $53 million, the Company previously announced the initial order under this contract for approximately $11 million with required delivery in early 2005 to replace damaged Up-Armored HMMWV components. Additional orders are expected for 2005 and beyond as inventory is used. Work under this contract will be performed in 2005, 2006 and 2007 by Armor Holdings' facilities in Cincinnati, Ohio.
Robert R. Schiller, President and Chief Operating Officer of Armor Holdings, Inc., said, "Our commitment to the Up-Armored HMMWV program and to our troops using this product is reinforced by this long-term spare parts contract. Ballistic glass is a primary item for repair and replacement, and we are gratified that TACOM continues to put their confidence in our ability to perform."
Armor Holdings, Inc. is a diversified manufacturer of branded products for the military, law-enforcement, homeland security and personnel safety markets
Armor Holdings, Inc. Awarded Armor Component Spare Parts Contract Valued at $53 Million