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LaBarge Awarded $1.2 Million Contract from Raytheon for JSOW Program

Dépèche transmise le 10 janvier 2011 par Business Wire

LaBarge Awarded $1.2 Million Contract from Raytheon for JSOW Program

LaBarge Awarded $1.2 Million Contract from Raytheon for JSOW Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has been awarded a $1.2 million contract from Raytheon Missile Systems to expand the type of complex electronic assemblies it manufactures for the JSOW (Joint Standoff Weapon) system. The Company anticipates follow-on orders.

“This new contract expands LaBarge’s role to include printed circuit card assemblies in addition to cable assemblies and wiring harnesses for the JSOW weapon system”

“This new contract expands LaBarge’s role to include printed circuit card assemblies in addition to cable assemblies and wiring harnesses for the JSOW weapon system,” said Craig LaBarge, chief executive officer and president. The Company has supported the JSOW program since 2005.

The JSOW system is a family of affordable, air-to-ground weapons that employ global positioning satellite information to guide the weapons to the target. More than 400 JSOWs have been used in combat operations. The weapon’s long standoff range of approximately 70 nautical miles allows delivery from well outside the lethal range of most enemy air defenses.

LaBarge, a Raytheon preferred supplier, is performing the new work at its Tulsa, Okla., operation. Production on this contract is expected to continue through December 2011. The Company manufactures cable assemblies and wiring harnesses for the JSOW program at its Joplin, Mo., and Berryville, Ark., operations.

LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with sophisticated electronic and electromechanical products through contract design and manufacturing services. Headquartered in St. Louis, LaBarge has operations in Arkansas, Missouri, Oklahoma, Pennsylvania, Texas and Wisconsin. The Company's Web site may be accessed at http://www.labarge.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect LaBarge, Inc.'s operating results. These risks and factors are set forth in documents LaBarge, Inc. files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K and other reports it files from time to time. These forward-looking statements speak only as of the date such statements were made, or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information.

Business Wire

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