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DHB announces $52.7mn deal with Point Blank Body Armor

09
Jun '07
DHB Industries Inc, a leader in the field of protective body armor, announced that its wholly-owned subsidiary, Point Blank Body Armor was awarded a $52.725 million contract to produce the Improved Outer Tactical Vests (“IOTV”) for the U.S. Army. The Company will produce 75,000 vests, beginning in June 2007 and ending in March 2008.

Larry Ellis, President and CEO stated, “We are pleased the U.S. Armed Forces recognize the quality and value of our life saving products."

"We continue to work closely with the Army to develop body armor solutions that are lighter, more flexible, more comfortable and with increased levels of protection. We are pleased the Army's new IOTV incorporates many of our Interceptor proprietary designs.”

Ellis continued, “With state-of-the-art manufacturing facilities in four locations, and strategic relationships with key suppliers in place, we have demonstrated consistently that we have the capability to produce and deliver products quicker than anyone in the industry."

We are pleased to supply the Army with the best protection available and at the best value to the U.S. Government.

DHB Industries Inc


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