Maker of Body Armor Gets Army Contract
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Ceradyne Inc., a maker of lightweight ceramic body armor, received a five-year U.S. Army contract worth as much as $611.7 million for insert panels to protect soldiers’ sides. Its shares surged $3.20 to $52.69.
The Army’s Aberdeen Proving Ground in Maryland put in an initial delivery order worth $59.8 million, Ceradyne said in a statement.
The company expects to receive the next order late this year.
Costa Mesa-based Ceradyne has bolstered production of the armor at plants in California and Kentucky.
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