Allen-Vanguard awarded Counter-IED services contract worth up to $7.5 million for U.S. Department of Defense (DoD)

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[{"type":"text","content":"\n\n\n\nOTTAWA, Dec. 5 /CNW Telbec/ - Allen-Vanguard today announced that its\nwholly owned subsidiary, Hazard Management Solutions Inc. (HMS), has been\nawarded a contract to provide Crew Vehicle Receiver/Jammer (CREW) training and\noperational support to the U.S. Department of Defense (DOD). The initial\ncontract carries a base-year value of approximately $2.1 million. The program\nprovides for two optional years totaling $5.4 million, for a potential\nthree-year value of approximately $7.5 million. All amounts are in Canadian\ndollars unless otherwise stated.\n\n\n"We are very pleased to contribute vital support to the warfighter in the\nongoing effort against the lethal hazard of Improvised Explosive Devices\n(IEDs)," said David E. Luxton, President and CEO of Allen-Vanguard. "This\ncontract award today recognizes our highly specialized capability in\nCounter-IED and reflects the expectation of ongoing demand for solutions to\nthe IED threat, which continues to be described as persistent, global and\nevolving."\n\n\nForward looking statements\n\n\nThis press release may contain forward-looking statements, which reflect\nAllen-Vanguard's current expectations regarding future events, its strategy,\nexpected performance and condition. Forward-looking statements include\nstatements that are predictive in nature, that depend upon or refer to future\nevents or conditions, or that include words such as "expects," "anticipates,"\n"plans," "believes," "estimates" or negative versions thereof and similar\nexpressions. In addition, any statement that may be made concerning future\nperformance, strategies or prospects, and possible future acquisitions or\ndispositions, is also a forward-looking statement. Forward-looking statements\nare based on current expectations and projections about future events and are\ninherently subject to, among other things, risks, uncertainties and\nassumptions about the Company and economic factors. Forward-looking statements\nare not promises or guarantees of future performance, and actual events and\nresults could differ materially from those expressed or implied in any\nforward-looking statements made about the Company. Any number of important\nfactors could contribute to these digressions, including, but not limited to,\ngeneral econo...

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