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LaBarge Receives $1.1 Million Contract from Northrop Grumman for G/ATOR Radar System
ST. LOUIS-(Business Wire)-August 25, 2008 - LaBarge, Inc. (AMEX: LB) has been awarded a $1.1 million contract from Northrop Grumman to provide electronic assemblies for its new Ground/Air Task Oriented Radar (G/ATOR), which consolidates the missions of five Marine Corps radars into a single multi-role radar system. The Company expects to receive follow-on orders.
G/ATOR is part of a portfolio of programs managed by the Program Executive Officer Land Systems that will provide the Marines with enhanced capabilities to detect, track, and provide target quality data to engage hostile aircraft, cruise missiles, unmanned air vehicles, rockets, mortars, and artillery. G/ATOR will also provide robust air traffic control capabilities to enhance the safety of Marine Corps air operations.
Production on the contract began this summer at LaBarge's Tulsa operation and is expected to continue through January 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.
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.
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