LaBarge, Inc. (AMEX: LB) has been awarded a $2.7 million dollar contract from BAE Systems to continue to produce the Ethernet Switch Unit (ESU) for its A3 Bradley Combat Systems vehicles. The ESU functions as a router and a switch for electronic data sent to devices in the vehicle’s LAN (local area network). LaBarge has manufactured the ESU since 2001.
The Bradley A3 is a technologically advanced, highly mobile, digital fighting system that significantly increases the Bradley’s lethality and survivability in battle. Bradley A3 communications enable digital information displays for the commander, driver and squad leader. The Bradley Combat Systems played a centerpiece role in Operation Iraqi Freedom and continue to provide outstanding survivability, mobility and lethality to U.S. soldiers in all types of close-combat urban scenarios or in open-combat terrain. The Bradley fulfills critical infantry, cavalry, fire support, battle command and engineer roles for the Army’s heavy brigades.
LaBarge anticipates production on this contract to begin December 2008 and continue through September 2009 at its Huntsville, Ark., facility.
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.
Contacts:
Colleen Clements, 314-997-0800, ext. 409
colleen.clements@labarge.com
