LaBarge Awarded $2.2 Million in Contracts from Raytheon for Decoy Vehicle Program

Dépèche transmise le 9 février 2011 par Business Wire

LaBarge Awarded $2.2 Million in Contracts from Raytheon for Decoy Vehicle Program

LaBarge Awarded $2.2 Million in Contracts from Raytheon for Decoy Vehicle Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB) has been awarded $2.2 million in contracts from Raytheon Missile Systems to continue to produce complex cable harnesses and electromechanical assemblies for the Miniature Air Launch Decoy (MALD®) program.

MALD is a low-cost, air-launched modular decoy vehicle that accurately duplicates the combat flight profiles and signatures of U.S. and allied aircraft. It weighs less than 300 pounds and has a range of approximately 500 nautical miles (about 575 statute miles).

Production, which will take place at LaBarge's Huntsville, Ark., and Joplin, Mo., operations, is expected to begin this month and continue through February 2012. LaBarge is a Raytheon preferred supplier, and a recipient of Raytheon’s Six Sigma Relationship Award, prestigious Leadership Excellence Award and Team MALD Supplier Award.

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.

®MALD is a registered trademark of Raytheon Company.

Business Wire

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