LaBarge, Inc. (AMEX: LB) has received a $1.6 million contract from General Dynamics Land Systems to continue to build cable assemblies for variants of the M1 Abrams tank for the U.S. Army.
The M1 Abrams tanks are particularly suitable for attacking or defending against large concentrations of heavily armored forces on a highly lethal battlefield. The tanks use mobility, firepower and shock effect to destroy opponents on the battlefield. The ongoing M1A1 and the M1A2 modernization programs feature improvements such as upgraded software systems and improved fire control systems.
LaBarge has supported the Abrams program since the vehicle entered service in 1980. Production on this latest contract began this month at the company’s Berryville, Ark., facility and is expected to continue through February 2013.
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.
LaBarge, Inc.
Colleen Clements, 314-997-0800, ext. 409
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