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Allen-Vanguard announces $21 million order from Lockheed Martin for Electronic Counter Measures (ECM) equipment
Allen-Vanguard announces $21 million order from Lockheed Martin for Electronic Counter Measures (ECM) equipment.
About this update from Verisante Technology, Inc.
[{"type":"text","content":"\n\n\n\nOTTAWA, Aug. 17 /CNW Telbec/ - Allen-Vanguard Corporation (the "Company"\nor "Allen-Vanguard") (TSX: VRS) of Ottawa, Canada today announced that it has\nreceived an order from Lockheed Martin for 523 Symphony ECM component systems\nvalued at approximately $21 million. All figures are in Canadian dollars.\n\n\nThis order is the first 523 component systems against the previously\nannounced requirement for up to 1,000 Symphony units, as commented on in the\nCompany's update announcement of July 5, 2007. Allen-Vanguard began advance\nshipments against this order in July and expects to complete delivery of\nsubstantially all 523 units by the end of the Company's fourth quarter of\nfiscal 2007 which ends September 30, 2007.\n\n\n"We are very pleased to see our work of the past several months begin to\nbuild into volume production orders and we remain very positive about the long\nterm prospects and sustainability of the Symphony program," said David E.\nLuxton, President and CEO.\n\n\nDetails of the actual contract award to Lockheed Martin can be found at\nthe following link:\nhttp://www.defenselink.mil/contracts/contract.aspx?contractid(equal sign)3575\n\n\nAbout Allen-Vanguard\n\n\nAllen-Vanguard Corporation and its subsidiaries worldwide operate under\nthe brand "Allen-Vanguard". The Company develops and markets technologies,\ntools and training for defeating and minimizing the effects of hazardous\ndevices and materials, whether Chemical, Biological, Radiological, Nuclear or\nExplosive (CBRNE). The Company's equipment is in service with leading security\nand military forces in more than 120 countries. Products include Electronic\nCounter-Measures ("ECM") equipment for jamming remote detonation of terrorist\ndevices, specialty security equipment for Explosive Ordnance Disposal ("EOD"),\nremote intervention robots for hazardous applications, vehicle barrier\nsystems, and personal protective wear for use in dealing with bio-chemical\nagents. Allen-Vanguard is the sole, worldwide licensee and/or developer of\npatented technologies such as the Universal Containment System and CASCAD Foam\nfor blast mitigation and decontamination of bio-chemical warfare agents. Head\noffice operations are located in Ottawa, Ontario, Canada, with manufacturing\nor training operations in ...