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Article: Body armor success spurs surge in sales.
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- March 26, 2007
CopyrightCOPYRIGHT 2007 The Washington Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bryce Baschuk
Mar. 26--The success of body armor in Iraq has triggered big sales for armor companies back home.
The Pentagon has spent nearly $5 billion on body armor over the past five years as armed conflicts in Iraq and Afghanistan have put more U.S. troops in the line of fire.
The U.S. Army issues armor to each of its 175,000 soldiers fighting overseas, and at $3,150 per set, body-armor companies are seeing big profits.
"No matter what the price of body armor is, it is crucial to conducting military operations," said Michael French, an analyst at Kaufman Brothers LP, a New York investment banking firm.
Combat ...
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