LaBarge Lands $2.3 Million Contract from BAE Systems for M113 Armored Vehicle Program.ST. LOUIS -- LaBarge, Inc. (AMEX AMEX See: American Stock Exchange : LB) has received a $2.3 million contract from BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. to produce power control enclosure assemblies for the M1068A3 SICPS SICPS Standard Integrated Command Post Shelter SICPS Standardized Integrated Command Post Systems (Standard Integrated Command Post System) configuration of the M113 armored personnel carrier "M113" and "M-113" redirect here. For other uses, see M113 (disambiguation). The M113 is an armored personnel carrier family of vehicles in use with the US military and many other nations. . The M1068A3 SICPS vehicle is a lightly armored Adj. 1. lightly armored - equipped with armor heavy enough to provide protection against fire from light arms lightly armoured armored, armoured - protected by armor (used of persons or things military) vehicle equipped with a computer network that functions as a mobile command post for the U.S. Army. The LaBarge-built electronic enclosures are responsible for the central conditioning and distribution of both AC and DC power to all systems of the vehicle including computers, weapons and lighting, among others. The Company expects production on the contract to begin in April and continue through September 2006 at LaBarge's Huntsville, Ark., facility. BAE Systems is the premier transatlantic defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . With more than 100,000 employees worldwide, BAE Systems sales exceeded $28 billion in 2005. LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with sophisticated electronic products through contract design and manufacturing services. Headquartered in St. Louis, LaBarge has operations in Arkansas, Missouri, Oklahoma, Pennsylvania Oklahoma is a borough in Westmoreland County, Pennsylvania, United States. The population was 915 at the 2000 census. Geography Oklahoma is located at (40.581613, -79.574586)GR1. and Texas. The Company's Web site may be accessed at http://www.labarge.com. Statements contained in this release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc LaBarge, Inc. that are not historical facts are forward-looking statements within the meaning of the federal securities laws. Matters subject to forward-looking statements are subject to known and unknown risks and uncertainties, including economic, competitive and other factors that may cause LaBarge or its industry's actual results, levels of activity, performance and achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Important factors that could cause LaBarge's actual results to differ materially from those projected in, or inferred by, forward-looking statements are (but are not necessarily limited to) the following: the impact of increasing competition or deterioration of economic conditions in LaBarge's markets; cutbacks in defense spending by the U.S. Government; loss of one or more large customers; LaBarge's ability to replace completed and expired contracts on a timely basis; the Company's ability to integrate recently acquired businesses; the outcome of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. the Company may be party to; increases in the cost of raw materials, labor and other resources necessary to operate LaBarge's business; the availability, amount, type and cost of financing for LaBarge and any changes to that financing; and other factors summarized in our reports filed from time to time with the Securities and Exchange Commission. Given these uncertainties, undue reliance should not be placed on the forward-looking statements. Unless otherwise required by law, LaBarge disclaims any obligation to update any forward-looking statements or to publicly announce any revisions thereto to reflect future events or developments. |
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