Business Services Industry
LaBarge Awarded $3 Million in Contracts From Kaman Aerospace for Black Hawk Helicopter Program
Business Wire, Oct 29, 2007
ST. LOUIS -- LaBarge, Inc. (AMEX: LB) has been awarded contracts valued at approximately $3 million from Kaman Aerospace Corporation to provide cockpit wiring harnesses for the UH-60L and HH-60M models of the BLACK HAWK helicopter. The Company anticipates additional follow-on orders. Kaman is a subcontractor to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX), on the BLACK HAWK program.
The UH-60L BLACK HAWK helicopter is a U.S. Army multi-mission combat assault helicopter that transports troops, weapons systems and supplies. The Army uses the HH-60M Medevac helicopter to provide medical evacuation of injured soldiers and assistance to civilian populations in times of crisis.
Production on the contracts is expected to begin November 2007 at LaBarge's Joplin, Mo., facility and continue through March 2009.
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 and Texas. The Company's Web site may be accessed at http://www.labarge.com.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in the design, manufacture and service of advanced helicopters for commercial, industrial and military uses. United Technologies Corp., of Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.
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.
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