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Tuesday, 06/08/2004 3:31:31 PM

Tuesday, June 08, 2004 3:31:31 PM

Post# of 275591
DHB - really should move on their news ....after the halt comes off.

DHB Industries Announces $239.4 Million Contract
- Award is the Largest Contract for Armor Ever Issued In the History of Body Armor - - Company's Backlog Swells to a Record $415 Million -
6/8/2004 3:26:00 PM

WESTBURY, N.Y., Jun 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- DHB Industries Inc. (DHB) David Brooks, Chairman and CEO of DHB Industries, proudly announced today that the Company has been awarded a contract for its recently developed Dorsal Axillary Protection System (D.A.P.S.) from the U.S. Army Robert Morris Acquisition Center. The contract value is an astounding $239,400,000 covering three years.

"This order has an enormous impact on DHB as it marks an entirely new segment of business and product line to compliment our existing Interceptor Body Armor sold to the U. S. military and its industry leading soft armor systems sold to law enforcement and federal agencies. Moreover, the contract provides a substantial guaranteed base of business for the next three years and will allow for immediate higher utilization of our recently opened 104,000 sq. ft. Pompano Beach, Florida manufacturing facility," stated David Brooks.

Sandra Hatfield, Chief Operating Officer of DHB Industries, commented, "We are proud of our rapid response to the needs of our customer in designing, developing and producing this latest addition to the Interceptor Outer Tactical Vest. This product is a testament to our industry-leading research and development efforts. We remain committed to fulfilling the needs of our customers, which has been the cornerstone of the success and growth of our Company."

Combat actions in Operation Iraqi Freedom have revealed an increased threat from the extensive use of improvised explosive devices (IED's) by terrorist insurgents. While Point Blank's Interceptor Outer Tactical Vest provides unparalleled protection to the torso from the fragmentary effects of IED's, its newly developed D.A.P.S. system provides additional protection by shielding the under arm, shoulder and upper arm areas not currently covered by Interceptor with the same level of protection. Point Blank Body Armor began development of D.A.P.S. to fully integrate with the Interceptor OTV System in early May 2004.

Point Blank believes this is the largest single contract for armor ever awarded in the history of the body armor industry. This brings the total new DOD contracts and purchase orders announced by DHB Industries over the past eight months to $381 million and increases the Company's total current backlog to a record $415 million








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