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LaBarge Awarded $2.6 Million Contract for MESA Advanced Military Radar System

Dépèche transmise le 26 août 2009 par Business Wire

LaBarge Awarded $2.6 Million Contract for MESA Advanced Military Radar System

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (AMEX: LB) has been awarded a $2.6 million contract from Northrop Grumman Corporation (NYSE: NOC) to continue to provide electronic subsystems for the MESA (Multi-role Electronically Scanned Array) radar system.

The MESA radar is an advanced airborne surveillance radar system used in military aircraft with airborne early warning and control (AEW&C) platforms. Currently flying in the next-generation 737-700 series aircraft produced by The Boeing Company (NYSE: BA), the radar is mounted atop the fuselage and has a long detection range with a 360-degree electronic scan that can simultaneously track air and sea targets, covering the entire operational area with an integrated identification friend or foe (IFF) mode. The MESA radar allows the AEW&C aircraft to operate farther back from the battle lines while it detects and tracks targets in high threat areas.

Production on the contract is expected to begin in September 2009 and continue through February 2010 at LaBarge's Huntsville, Ark., facility. LaBarge is a Northrop Grumman Preferred Supplier and has been a member of the MESA production team since 2002.

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.