LaBarge Awarded $3.8 Million Contract from Bell Helicopter for U.S. Marine Corps H-1 Upgrade Program

Dépèche transmise le 21 février 2011 par Business Wire

LaBarge Awarded $3.8 Million Contract from Bell Helicopter for U.S. Marine Corps H-1 Upgrade Program

LaBarge Awarded $3.8 Million Contract from Bell Helicopter for U.S. Marine Corps H-1 Upgrade Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has received a $3.8 million contract from Bell Helicopter, a Textron Inc. (NYSE: TXT) company, to continue to produce electronic assemblies for the H-1 Upgrade Program for helicopters used by the U.S. Marine Corps.

Just as the UH-1N is being rebuilt and redesigned into the UH-1Y, the U.S. Marine Corps Attack helicopters AH-1W are being rebuilt and redesigned into the AH-1Z as well. The traditional reliability of the Huey series now contributes to the outstanding performance, state-of-the-art dynamics and avionics of the H1 Upgrade Program.

Production on this contract at LaBarge's Huntsville, Ark., facility began in January and is expected to continue through June 2013 for the box-level assemblies. The company has supported the H-1 Upgrade Program since 2004.

Headquartered in Fort Worth, Texas, Bell Helicopter has additional plants in Amarillo, Texas and Mirabel, Canada. Bell maintains key logistics supply and service centers in Europe, Canada, and Singapore as well as in the United States. As the world’s premier provider of vertical lift aircraft, Bell Helicopter continues to provide every customer with products, service and support second to none.

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.

Business Wire

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