Article: Raven's Aerostar Subsidiary Announces Initial Delivery Orders Under Five-Year Parachute Contract.

SIOUX FALLS, S.D., Oct. 14 /PRNewswire-FirstCall/ -- Aerostar International, Inc., a wholly owned subsidiary of Raven Industries, Inc. , announced today that it has been awarded $12.2 million under a five-year, IDIQ (indefinite delivery indefinite quantity) contract for the production of US Army T-11 personnel parachutes. The parachutes under this first order are expected to ship during the fiscal year beginning February 2010. The contract is expected to have annual releases that will continue through 2014.

Ronald M. Moquist, chief executive officer, stated, "There were seven companies competing for this contract and we are pleased to be one of the three ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!