ST. LOUIS, Sept. 27 /PRNewswire-FirstCall/ -- LaBarge, Inc. (AMEX:LB) has been awarded a $2.2 million contract from Kaman Aerospace Corporation to provide cockpit wiring harnesses for various models of UH-60 BLACK HAWK helicopters. The Company anticipates follow-on orders.
Kaman is a major subcontractor to Sikorsky Aircraft Corporation on the BLACK HAWK program. Designed by Sikorsky, the BLACK HAWK is the U.S. Army's primary utility tactical transport helicopter, which is capable of a variety of missions including air assault, combat support, general support, aero-medical evacuation and special operations. The BLACK HAWK is equipped with advanced avionics and electronics systems and is part of the Army's long-term effort to modernize its medium-lift helicopter fleet. More than 1,500 BLACK HAWK helicopters are used by active duty and National Guard units around the world.
LaBarge has begun work on the program at its Joplin, Mo., facility. Production is expected to continue through August 2006.
LaBarge recently announced it had been awarded separate long-term contracts from Sikorsky to provide wiring harnesses, printed circuit card assemblies and sensor assemblies for the BLACK HAWK program. Initial releases under these contracts totaled more than $9 million.
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, Web site: http://www.labarge.com/
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