VIENNA, Va., Dec. 21 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. (AMEX:ADG) today announced that its Belgium-based ammunition company, MECAR S.A., has received orders totaling approximately $4.3 million.
The orders are from two of MECAR's traditional clients in the Far and Middle East for the supply of 76mm and 90mm ammunition, as well as military support equipment.
Major General (Ret) John J. Marcello, The Allied Defense Group's Chief Executive Officer and President, said, "These repeat orders reflect MECAR's strong relationships with its traditional customers. Additionally, the military support equipment component of the orders demonstrates MECAR's capabilities beyond the supply of conventional ammunition. This announcement brings the total ammunition orders announced in December to $14.7 million. The Company reported a 45-month high contractual backlog of $143.3 million as of September 30, 2007, and continues to target multiple contract opportunities to increase that backlog and improve revenue visibility going forward.
About The Allied Defense Group, Inc.
The Allied Defense Group, Inc. is a diversified international defense and security firm which: develops and produces conventional medium caliber ammunition marketed to defense departments worldwide; designs, produces and markets sophisticated microwave security systems; and manufactures battlefield effects simulators and other training devices for the military. 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:
Crystal B. Leiderman (Bedwell)
Director, Investor Relations
800-847-5322
DATASOURCE: The Allied Defense Group, Inc.
CONTACT: Crystal B. Leiderman (Bedwell), Director, Investor Relations of The Allied Defense Group, Inc., +1-800-847-5322 Web site: http://www.allieddefensegroup.com/
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