The Allied Defense Group Announces $24 Million In Ammunition Orders
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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: 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
SOURCE The Allied Defense Group, Inc.
Geoff Grande, CFA, FD, +1-617-747-1721
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