BOSTON (Thomson Financial) - Allied Defense Group Inc. Friday said its
ammunition services sector produced an additional $20 million in new contracts
with Central Asian and South American customers.
The Vienna, Va.-based international defense and security firm reported that
$70 million representing unfunded backlog had been funded and will be added to
its backlog upon receipt of an appropriate export license and performance bond.
Allied Defense expects the announcements to bring its funded backlog to more
than $250 million.
Shares closed Thursday at $5.34.
Casey Logan
cl/jw
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