Allied Research unit receives $17 million order for ammunition.VIENNA, Virginia--(BUSINESS WIRE)--May 31, 1995--Allied Research Corp. (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 its Mecar S.A. subsidiary has received a $17 million order for advanced infantry weapon ammunition and large caliber ammunition from a middle eastern customer country. This order is for products previously manufactured by Mecar for this customer. Dr. J.R. Sculley, chairman and chief executive officer of Allied Research, said the order "represents continued confidence by our primary customer base in the performance leadership of Mecar's products. Mecar S.A., Allied Research's Belgian operating unit 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 , is scheduled to produce and deliver the total contract during 1995. "Mecar's engineering skills and production efficiency continue to be recognized by our long-term customers as providing easy-to-use, reliable, advanced technology products and systems. They are ideally suited to the demanding requirements outlined by evaluation specialists in our customers' defense departments," Sculley said. "When combined with the outstanding new business successes of our 1994 acquisition VSK VSK Verband Schweizerischer Kaderschulen (German: Federation of Swiss Cadre Schools) VSK Voice over Broadband Starter Kit VSK Virtual Storage Key VSK Vision Starter Kit Electronics, as well as our just-acquired IDCS IDCS International Deaf Children's Society (London, UK) IDCS International Data Collection System IDCS Interior Design Confederation - Singapore IDCS Integrated Defense Communications System IDCS Integrated Document Control System Group, our European operations reflect a growing and diversified business base. I have every reason to expect that we will be receiving additional orders from both our commercial and defense customers," Sculley added. Allied Research Corp. is a leading developer and producer of defense systems; supplies engineering services to defense departments worldwide; designs, produces and markets security systems in Europe and is active in environmental and demilitarization de·mil·i·ta·rize tr.v. de·mil·i·ta·rized, de·mil·i·ta·riz·ing, de·mil·i·ta·riz·es 1. To eliminate the military character of. 2. markets. CONTACT: Richard Farrell, 800/743-2724 |
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