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EASI Engineered Support Systems (MM)

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Share Name Share Symbol Market Type
Engineered Support Systems (MM) NASDAQ:EASI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Engineered Support Receives New Contract for Heavy Ammunition Trailers

14/09/2005 10:15pm

PR Newswire (US)


Engineered Support Systems (NASDAQ:EASI)
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ST. LOUIS, Mo., Sept. 14 /PRNewswire-FirstCall/ -- Engineered Support Systems, Inc. (NASDAQ:EASI), through its wholly-owned subsidiary Systems & Electronics Inc. (SEI), received a new production contract from U.S. Army Tank-automotive and Armaments Command (TACOM) in Warren, Michigan for M989A1 Heavy Expanded Mobility Ammunition Trailers (HEMATs). The five-year indefinite delivery / indefinite quantity contract expires in 2010 and provides for the delivery of as many as 583 trailers for a total value of approximately $40 million. The initial order under the contract calls for 61 HEMATs valued at $4.8 million. Contract work will occur at the company's St. Louis and West Plains, Missouri facilities, according to Engineered Support Vice Chairman and CEO, Gerald A. Potthoff. "HEMAT represents a capability that is an enabler for Army modularity and the Objective Force," Potthoff said. "It is a high-mobility trailer with a payload capacity of 11 tons designed to transport multiple-launch rocket system (MLRS) pods, palletized/unpalletized conventional ammunition and fuel bladders and pods on paved, secondary or cross-country roads. HEMAT's manufactured by SEI have been used extensively by MLRS battalions during Operation Iraqi Freedom." Engineered Support Systems, Inc. provides advanced sustainment solutions including the design, manufacture and supply of integrated military electronics, support equipment and technical and logistics services for all branches of America's armed forces and certain foreign militaries, homeland security forces and selected government and intelligence agencies. The company also produces specialized equipment and systems for commercial and industrial applications. For additional information, please visit the Company's website at http://www.engineeredsupport.com/. DATASOURCE: Engineered Support Systems, Inc. CONTACT: Larry Cox, Communications Mgr of Engineered Support Systems, Inc., +1-314-553-4960, or Web site: http://www.engineeredsupport.com/

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