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LaBarge Receives $1.3 Million Contract from Kaman for S-70i BLACK HAWK Helicopter Program

Dépèche transmise le 17 janvier 2011 par Business Wire

LaBarge Receives $1.3 Million Contract from Kaman for S-70i BLACK HAWK Helicopter Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has been awarded a contract valued at $1.3 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for the S-70i™ BLACK HAWK military helicopter, the international variant of the BLACK HAWK helicopter. Kaman is a subcontractor to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX), on the BLACK HAWK helicopter program.

The S-70i BLACK HAWK helicopter is the first BLACK HAWK aircraft designed specifically for international customers, and is the first BLACK HAWK helicopter to be assembled in Europe. The S-70i BLACK HAWK helicopter incorporates the latest technology with advanced features such as a fully integrated digital cockpit with a dual digital automatic flight control system and coupled flight director. It is expected to complete production flight testing by the end of the year.

Production on the new contract has begun at LaBarge's Joplin, Mo., facility and is expected to continue through February 2012. LaBarge is a Sikorsky/United Technologies Corp. gold supplier and has supported the BLACK HAWK program since 2005.

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.