Ceradyne inks $73 million order for body armor plates
Ceradyne, Inc. (Nasdaq:CRDN), which develops ceramic products and components for defense, industrial, automotive/diesel and commercial uses, said this morning that it received a $73 million order for Small Arms Protective Inserts body armor plates. This order is the company’s first volume production delivery order against a five year Indefinite Delivery/Indefinite Quantity contract with the U.S. Army announced Monday.
Shares were halted in pre-market trading. For detailed price information and news stories on Ceradyne, click CRDN.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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