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LaBarge Receives $1.6 Million Contract from Kaman for SEAHAWK Helicopter Program
Dépèche transmise le 4 janvier 2011 par Business Wire
LaBarge Receives $1.6 Million Contract from Kaman for SEAHAWK 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 $1.6 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for the MH-60S SEAHAWK® helicopter.
The MH-60S is a multi-mission helicopter that combines the transportation capability of the UH-60L BLACK HAWK helicopter and the unique naval capabilities of the SH-60B SEAHAWK. Some of its mission capabilities include search and rescue, troop transportation, airborne mine detection and destruction, medical evacuation and special warfare support. Kaman is a subcontractor on the SEAHAWK program to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX).
Production on the new contract has begun at LaBarge's Berryville, Ark., facility and is expected to continue through April 2011. LaBarge 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.
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