USA: Armor Secures $16.1m Defense Supply Center Order
Protective apparel supplier Armor Holdings Inc has signed a deal with the Defense Supply Center-Philadelphia for approximately $16.1 million to produce additional quantities of Outer Tactical Vests.
Armor Holdings will supply a variety of customers under this contract modification; the most significant being the US Marine Corps.
Work under the contract will be performed in 2005 by Specialty Defense, Armor's recently acquired subsidiary that is part of its Aerospace and Defense Group.
Robert Schiller, president of Armor Holdings Inc, said that, as the agreement involves "additional exercisable options", the company believes that it has "an excellent opportunity" to further increase its market share in the military vest sector.
Jacksonville, Florida-based Armor Holdings Inc is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets.
The company completed its acquisition of body armour supplier Speciality Group Inc in October last year.
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