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Smith & Wesson gets $15m military contract

16
Feb '06
Smith & Wesson Holding Corp, the legendary 154-year old company in the global business of safety, security, protection and sport, has secured a $15 million order to supply its SW9VE 9mm pistols to the US Army Security Assistance Command (USASC) Special Projects Office for shipment to the Afghanistan National Police (ANP).

In 2005, Smith & Wesson shipped a total of 22,500 pistols for use by the Afghanistan National Army and the Afghanistan Border Patrol.

The new order represents the fourth contract awarded to Smith & Wesson by the US Army for security forces in Afghanistan and is more than twice as large as the combined total of the previous orders, all of which were shipped in fiscal 2006.

Michael Golden, President and CEO, said, "This order represents our largest single military contract to date from the US Army for shipment to Afghanistan. The Smith & Wesson semi-automatic pistols we shipped last year have been well received by the Afghanistan National Army and Border Patrol, leading to this new contract to fill requirements for the Afghanistan National Police.”

Smith & Wesson indicated it won the current order based on the features of the SW9VE 9mm pistol and overall performance of the products the Company shipped to Afghanistan throughout 2005. It expects the bulk of the order to ship within its 2007 fiscal year, which begins in May 2006.

The SW9VE is a double-action-only pistol constructed with a durable polymer frame and a through-hardened stainless steel slide and barrel. The 9 mm pistol features an ergonomic design that accommodates various hand sizes, as well as simple operation procedures.


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