VIENNA, Va., June 16 /PRNewswire-FirstCall/ -- The Allied Defense Group, Inc. (Amex: ADG - News) announced it has received ammunition orders totaling more than $24 million from several customers. The contracts include new extensions of existing engagements as well as orders from new customers won in competitive situations across both of the firm's operating units, Mecar S.A. and Mecar USA.
"These orders reflect the strength of the competitive standing of our ammunition and ammunition-related service businesses and contribute to our already substantial backlog," said Major General (Ret) John J. Marcello, President and Chief Executive Officer of The Allied Defense Group. "These wins also add to our increasing global reach and expand our customer base to a new NATO country as well."
Concluded Major General Marcello, "Based on strong relationships with our customers, our engineering expertise, and our ability to rapidly bring new products to market, we continue to make progress on our goals. And, as we have said previously, we continue to expect to return to profitability in the second fiscal quarter ending June 30, 2009."
About The Allied Defense Group, Inc.
The Allied Defense Group, Inc. is a multinational defense company focused on the manufacture, sale and distribution of ammunition and ammunition-related products for use by the U.S. and foreign governments. For more Information, please visit the Company web site: www.allieddefensegroup.com.
Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because statements include risks and uncertainties, actual results may differ materially from those expressed or implied and include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.
For More Information, Contact:
Geoff Grande, CFA
FD
617-747-1721
11 years ago
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