Devtek Corp. announces addition to Initial Contract.MARKHAM, Ontario--(BUSINESS WIRE)--April 10, 1996--DEVTEK CORPORATION (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:DEK DEK - Data Encryption Key .A DEK.B) Devtek Corporation announced today that Diemaco, a division located in Kitchener, Ontario Coordinates: The City of Kitchener (IPA [ˈkɪ.tʃə.nɝ]) is a city in southwestern Ontario, Canada. , has been awarded an addition to it's initial contract to supply military rifles for use by the Danish UN Peacekeeping Forces. This contract addition is estimated at $8 million, and brings the total contract value to $13 million. Deliveries are to be completed by December 1996. This contract, as are all foreign government transactions, is established between the Canadian government and Denmark through the Canadian Commercial Corporation. Diemaco will supply the Danish government with Canadian C7A1 5.56mm calibre selective fire rifles for use by the Danish Army's International Brigade for NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. service. Diemaco's C7A1 rifle has now been selected by Canada, Holland and Denmark for their UN and NATO forces See: force(s). , making the C7A1 rifle the choice of more NATO nations than any other rifle. Diemaco personnel expressed confidence that other NATO countries will also choose the Canadian C7A1 in the future. Devtek is an international developer and manufacturer of systems and components for the automotive, aircraft and telecommunications markets. CONTACT: Murray Kingsburgh Executive Vice-President, 905/477-6861 905/477-0481 (Fax) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion