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Article: The Allied Defense Group, Inc. Receives Foreign Weapons Service Contract for $5.5 Million
- Article from:
- U.S. Newswire
- Article date:
- March 26, 2008
CopyrightCopyright 2008 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: TECHNOLOGY EDITORS
Contact: Jim Drewitz, Investor Relations of The Allied Defense
Group, Inc., +1-830-669-2466
VIENNA, Va., March 26 /PRNewswire-FirstCall/ -- The Allied
Defense Group, Inc. (Amex: ADG) announces its wholly owned
subsidiary, MECAR USA, has received a $5.5 million indefinite
delivery/indefinite quantity (ID/IQ) service contract from the U.S.
Army to provide weapons used by foreign military for U.S. military
training purposes.
Major General (Ret) John J. Marcello, President and Chief
Executive Officer of The Allied Defense Group said, "MECAR USA is
growing rapidly. This small Texas facility had approximately $2M in
sales in 2007 and has accumulated $12.5M in contracted ...