Bourque Industries Inc (BORK)

[Flatcat]

Where is the money? In October of 2008 DoD issued a $2.37 billion ID/IQ contract to Ceradyne. DoD has been issuing delivery contracts for a few million dollars at a time and seems to be very cautious about ordering delivery of any significant quantity of the Ceradyne product.

On 19 April 2011 a delivery order was placed with Ceradyne for $3.5 million of ceramic body armor plates.

NOTE: As of 29 April 2011 there is approximately $2.1 billion remaining on the ID/IQ contract for which no deliveries have been requested! That is something I can get excited about.

$2.1 billion has already been appropriated for body armor and DoD has been reluctant to spend it at Ceradyne! I'll bet my money that Ceradyne stepping in their mess kit over quality problems is going to provide dinner for Mr. Bourque and company if Bourque can get his stuff together.