The Allied Defense Group Announces $24 Million In Ammunition Orders
June 16 2009 - 7:00AM
PR Newswire (US)
VIENNA, Va., June 16 /PRNewswire-FirstCall/ -- The Allied Defense
Group, Inc. (AMEX:ADG) announced it has received ammunition orders
totaling more than $24 million from several customers. The
contracts include new extensions of existing engagements as well as
orders from new customers won in competitive situations across both
of the firm's operating units, Mecar S.A. and Mecar USA. "These
orders reflect the strength of the competitive standing of our
ammunition and ammunition-related service businesses and contribute
to our already substantial backlog," said Major General (Ret) John
J. Marcello, President and Chief Executive Officer of The Allied
Defense Group. "These wins also add to our increasing global reach
and expand our customer base to a new NATO country as well."
Concluded Major General Marcello, "Based on strong relationships
with our customers, our engineering expertise, and our ability to
rapidly bring new products to market, we continue to make progress
on our goals. And, as we have said previously, we continue to
expect to return to profitability in the second fiscal quarter
ending June 30, 2009." About The Allied Defense Group, Inc. The
Allied Defense Group, Inc. is a multinational defense company
focused on the manufacture, sale and distribution of ammunition and
ammunition-related products for use by the U.S. and foreign
governments. For more Information, please visit the Company web
site: http://www.allieddefensegroup.com/. Certain statements
contained herein are "forward looking" statements as such term is
defined in the Private Securities Litigation Reform Act of 1995.
Because statements include risks and uncertainties, actual results
may differ materially from those expressed or implied and include,
but are not limited to, those discussed in filings by the Company
with the Securities and Exchange Commission. For More Information,
Contact: Geoff Grande, CFA FD 617-747-1721 DATASOURCE: The Allied
Defense Group, Inc. CONTACT: Geoff Grande, CFA, FD, +1-617-747-1721
Web Site: http://www.allieddefensegroup.com/
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