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LaBarge Awarded $4.5 Million in Contracts from Raytheon for Tactical Tomahawk Program

Dépèche transmise le 24 mars 2011 par Business Wire

LaBarge Awarded $4.5 Million in Contracts from Raytheon for Tactical Tomahawk Program

ST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB), a provider of electronics manufacturing services (EMS), has been awarded contracts valued at $4.5 million from Raytheon Missile Systems to continue to provide complex cable harnesses for the Tactical Tomahawk cruise missile.

The U.S. Navy deploys Tactical Tomahawk missiles from surface ships and submarines. The Tomahawk is the Navy's precision strike, long-range standoff weapon.

Production on the contracts will take place at LaBarge's Berryville, Ark., and Joplin, Mo., operations and is expected to begin in May 2011 and continue through July 2012. LaBarge is a Raytheon preferred supplier, and a recipient of Raytheon's Six Sigma Relationship Award and prestigious Leadership Excellence 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.