ST. LOUIS, Nov. 8 /PRNewswire-FirstCall/ -- LaBarge, Inc. (AMEX:LB) has been awarded a $2.2 million dollar contract from BAE Systems to produce the Ethernet Switch Unit (ESU) for its A3 Bradley Combat Systems vehicles. The ESU functions as a router and a switch, making local forwarding decisions to devices operated in the vehicle's LAN (local area network).
The Bradley A3 is a technologically advanced, highly mobile, digital fighting system that significantly increases the Bradley's lethality and survivability in battle. Bradley A3 communications enable digital information displays for the commander, driver and squad leader. The Bradley Combat Systems played a centerpiece role in Operation Iraqi Freedom and continues to provide outstanding survivability, mobility and lethality to U.S. soldiers in all types of close-combat urban scenarios or in open-combat terrain. The Bradley fulfills critical infantry, cavalry, fire support, battle command and engineer roles for the Army's heavy brigades.
LaBarge anticipates production, which will be performed at its Huntsville, Ark., facility, to begin in June 2006 and continue through September 2007.
LaBarge, Inc. is a broad-based provider of electronics to technology- driven companies in diverse markets. The Company provides its customers with sophisticated electronic products through contract design and manufacturing services. Headquartered in St. Louis, LaBarge has operations in Arkansas, Missouri, Oklahoma, Pennsylvania and Texas. The Company's Web site may be accessed at http://www.labarge.com/ .
Statements contained in this release relating to LaBarge, Inc. that are not historical facts are forward-looking statements within the meaning of the federal securities laws. Matters subject to forward-looking statements are subject to known and unknown risks and uncertainties, including economic, competitive and other factors that may cause LaBarge or its industry's actual results, levels of activity, performance and achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Important factors that could cause LaBarge's actual results to differ materially from those projected in, or inferred by, forward-looking statements are (but are not necessarily limited to) the following: the impact of increasing competition or deterioration of economic conditions in LaBarge's markets; cutbacks in defense spending by the U.S. Government; loss of one or more large customers; LaBarge's ability to replace completed and expired contracts on a timely basis; the Company's ability to integrate recently acquired businesses; the outcome of litigation the Company may be party to; increases in the cost of raw materials, labor and other resources necessary to operate LaBarge's business; the availability, amount, type and cost of financing for LaBarge and any changes to that financing; and other factors summarized in our reports filed from time to time with the Securities and Exchange Commission. Given these uncertainties, undue reliance should not be placed on the forward-looking statements. Unless otherwise required by law, LaBarge disclaims any obligation to update any forward-looking statements or to publicly announce any revisions thereto to reflect future events or developments. DATASOURCE: LaBarge, Inc.
CONTACT: Colleen Clements of LaBarge, Inc., +1-314-997-0800, ext. 409, or Web site: http://www.labarge.com/
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