LaBarge Awarded $2.6 Million Contract from Raytheon for Torpedo Programs
Tue Nov 17, 7:00 AMST. LOUIS--(BUSINESS WIRE)--LaBarge, Inc. (NYSE Amex: LB) has been awarded a $2.6 million contract from the Raytheon Company to provide wiring harnesses for the MK 48 and MK 54 torpedoes. The contract represents the first time LaBarge has supplied product for the two torpedo programs.
Primarily launched from submarines, the MK 48 is a heavyweight torpedo designed for anti-submarine and anti-surface warfare, in both littoral and deep-water environments. The MK 54 is a lightweight torpedo that can be launched from surface ships, helicopters or planes to track, classify and destroy underwater targets in both deep and shallow water.
Production on the contract, which will take place at LaBarge's Berryville, Ark., plant, is expected to begin in January 2010 and continue through December 2011.
LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with sophisticated electronic and electromechanical products through contract design and manufacturing services. Headquartered in St. Louis, LaBarge has operations in Arkansas, Missouri, Oklahoma, Pennsylvania, Texas and Wisconsin. The Company's Web site may be accessed at http://www.labarge.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect LaBarge, Inc.'s operating results. These risks and factors are set forth in documents LaBarge, Inc. files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K and other reports it files from time to time. These forward-looking statements speak only as of the date such statements were made, or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information.
LaBarge, Inc.
Colleen Clements, 314-997-0800, ext. 409
colleen.clements@labarge.com




