Friday, July 13, 2007 8:48:27 AM
ADG...Allied Defense Group Receives Ammunition Orders Exceeding $170 Million
Wednesday July 11, 10:15 am ET
VIENNA, Va., July 11 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. (Amex: ADG - News) today announced that its Ammunition and Weapon Effects (AWE) segment, has successfully negotiated several new orders with various clients in Europe, North America and other export markets, with a total expected value exceeding $170 million over a three year period. Of the $170 million, the segment has already received firm contracts totaling more than $90 million with for delivery during 2007 and 2008.
The firm contracts call for the delivery of a diverse range of ammunition, ranging from 25mm cannon and recoilless rifle ammunition to 105mm Howitzer projectiles. Also included are repeat orders for the proprietary 90mm MK8 and 120mm mortar rounds, as well as orders for many items won in open competition. AWE has also obtained a contract, with a new customer, for the development of ammunition for the 115mm tank gun.
http://biz.yahoo.com/prnews/070711/new072.html?.v=13&printer=1
Wednesday July 11, 10:15 am ET
VIENNA, Va., July 11 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. (Amex: ADG - News) today announced that its Ammunition and Weapon Effects (AWE) segment, has successfully negotiated several new orders with various clients in Europe, North America and other export markets, with a total expected value exceeding $170 million over a three year period. Of the $170 million, the segment has already received firm contracts totaling more than $90 million with for delivery during 2007 and 2008.
The firm contracts call for the delivery of a diverse range of ammunition, ranging from 25mm cannon and recoilless rifle ammunition to 105mm Howitzer projectiles. Also included are repeat orders for the proprietary 90mm MK8 and 120mm mortar rounds, as well as orders for many items won in open competition. AWE has also obtained a contract, with a new customer, for the development of ammunition for the 115mm tank gun.
http://biz.yahoo.com/prnews/070711/new072.html?.v=13&printer=1
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