DHB industries announces $37.9 million in orders with Army

28 Mar '07

2 min read

DHB Industries Inc announced that Point Blank Body Armor, one of the Company's wholly-owned subsidiaries, received approximately $37.9 million in new orders from existing contracts to supply the U.S. Army with the Deltoid Axillary Protection System (DAPS) and the Enhanced Side Ballistic Insert (ESBI).

The DAPS order is approximately $20 million and part of a contract awarded in June 2004. This order is a follow up to the $51 million order announced by the Company in January 2007. Point Blank Body Armor will produce 10,000 additional units per month and will begin deliveries in April and complete shipments by October of this year.

Additionally, the Company received approximately $17.9 million in delivery orders to supply the Army with ESBI, building upon the $31 million award, announced in January 2007. These new orders were received through a third party government contractor that manufactures the enhanced small arms protective insert (E-SAPI). The Company will begin deliveries in May and complete shipments by October 2007.

Larry Ellis, President and CEO of DHB Industries commented, "There is a continuing need to provide soldiers with more protection. The DAPS and ESBI integrate with the OTV to shield soldiers from increased battlefield threats. We look forward to continue to serve the Armed Forces and protect soldier's lives."

DHB Industries Inc

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