Allied Research Corporation Receives $21 Million Contract.Business Editors VIENNA, Va.--(BUSINESS WIRE)--Sept. 7, 2000 Allied Research Corporation (AMEX AMEX See: American Stock Exchange :ALR ALR Administrative License Revocation ALR Agricultural Land Reserve (Canada) ALR Automatic Locking Retractor (seat belts) ALR Australian Law Reports (University of Tasmania Library) ) said today that its Belgian defense unit, MECAR S.A., has received a $21 million contract from a Middle East country customer. The contract calls for a range of medium-caliber conventional ammunition This article is largely based on the article in the out-of-copyright 11th edition of the Encyclopdia Britannica, which was produced in 1911. It should be brought up to date to reflect subsequent history or scholarship (including the references, if any). to be delivered over the next 12 months. "This contract is a further example of the close knit and technical relationship that exists between our defense customers and MECAR S.A., said Mr. Glenn Yarborough yar·bor·ough n. Games A bridge or whist hand containing no honor cards. [After Charles Anderson Worsley, Second Earl of Yarborough , President and Chief Executive Officer of Allied Research. "As a result of this contract, our consolidated backlog is strengthened, and the outlook for 2000 and 2001 is superb," Mr. Yarborough added. "Our current workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. is providing us the opportunity to have a very nice year in 2000." "We are proud of the great work MECAR does and their contribution to the overall success of Allied Research. Its new products are being well received by long-time customers plus new markets are being opened as a result of MECAR's expanded marketing efforts. We are pleased with the dedication and the results that MECAR delivers," Mr. Yarborough concluded. Allied Research Corporation is a defense and commercial electronic security firm. Its operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon develop and produce ammunition. In addition, they design, produce and market sophisticated electronic security and access control systems. Certain statements contained herein are "forward looking" statements as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 additional information contract - Susan Urbaniak @ 800-847-5322 or e-mail at ALRARC95@aol.com |
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