LaBarge, Inc. (AMEX:LB) has been awarded a $3.5 million contract from Northrop Grumman Corp. (NYSE:NOC) to continue to produce electronic equipment for the AN/AAQ-24(V) NEMESIS Directional Infrared Countermeasure (DIRCM) system. LaBarge has worked on the program for nearly a decade.
NEMESIS is the only operational DIRCM system in production today that is designed to protect military aircraft from infrared-guided missiles, which are growing in popularity among terrorist groups and in third world countries. NEMESIS automatically detects a missile launch, determines if it is a threat and activates a high-intensity countermeasures system to track and defeat the threat. NEMESIS is a modular system comprised of a family of proven components that can be mixed and matched (based on specific platform, mission and budget requirements) to protect a wide range of large and small aircraft, both rotary and fixed wing.
Production at LaBarge's Tulsa, Okla., facility is expected to begin in April 2008 and continue through June 2008. LaBarge is a Northrop Grumman Preferred Supplier.
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.
Contacts:
Colleen Clements, 314-997-0800, ext. 409
colleen.clements@labarge.com
