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LaBarge Awarded $12 Million in Contracts from Kaman Aerospace for Black Hawk Helicopter Program

Dépèche transmise le 15 juillet 2009 par Business Wire

LaBarge Awarded $12 Million in Contracts from Kaman Aerospace for Black Hawk Helicopter Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB) has been awarded contracts valued at approximately $12 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for several models of the Black Hawk helicopter. The Company anticipates additional follow-on orders. Kaman is a subcontractor to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX), on the Black Hawk helicopter program.

The LaBarge-built wiring harnesses will be installed in cockpits of the UH-60M and UH-60L Black Hawk helicopters, and the HH-60M and HH-60L Medevac models. The Black Hawk helicopter is a U.S. Army multi-mission combat assault helicopter that transports troops, weapons systems and supplies. The Army uses the Medevac helicopter to provide medical evacuation of injured soldiers and assistance to civilian populations in times of crisis.

In addition to the cockpit wiring harnesses it builds for Kaman, LaBarge provides electronic assemblies directly to Sikorsky Aircraft Corp. for the Black Hawk helicopter program. LaBarge has supported the program since 2005.

Production on the new contracts is expected to begin at LaBarge's Joplin, Mo., facility in August 2009 and continue through December 2010.

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.