LaBarge Receives $1.9 Million Contract from Raytheon for JSOW Program
ST. LOUIS-(Business Wire)-September 28, 2009 - LaBarge, Inc. (NYSE Amex: LB) has been awarded a $1.9 million contract from Raytheon Missile Systems to continue to provide complex cable harnesses for the JSOW (Joint Standoff Weapon) system.
The JSOW program is a family of affordable, air-to-ground weapons that employ global positioning satellite information to guide the weapons to the target. More than 400 JSOWs have been used in combat operations, including more than 300 in Operation Iraqi Freedom. The JSOW family uses a common and modular weapon body capable of carrying various payloads. Its long standoff range of approximately 70 nautical miles allows delivery from well outside the lethal range of most enemy air defenses. JSOW is a joint U.S. Navy and U.S. Air Force program.
LaBarge, a Raytheon preferred supplier, will perform the work at its Joplin, Mo., facility. Production is expected to begin October 2009 and continue through November 2010.
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, Texas and Wisconsin. The Company's Web site may be accessed at http://www.labarge.com.
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. These forward-looking statements speak only as of the date such statements were made, or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
