|
|
Article: The Allied Defense Group Announces $10.7 Million in Ammunition Contracts for Mecar USA.
- Article from:
- Defense & Aerospace Week
- Article date:
- November 11, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
The Allied Defense Group, Inc. (AMEX:ADG) announced that its subsidiary, Mecar USA, has received ammunition contracts totaling $10.7 million. The largest contract is an ammunition services order to provide Non-Standard Ammunition for the security forces of Afghanistan. The first order of this contract is worth approximately $10.1 million, with the potential for subsequent orders over the next three years. Work on the first order will begin immediately and is scheduled to be completed by mid-2010.
"These contract wins expand on the significant growth that our Mecar USA subsidiary has shown since its inception four years ago," said Major General (Ret) John J. ...