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Allen-Vanguard Corporation announces $12.2 million spares order for U.S. Department of Defense for Electronic Counter Measures equipment
Allen-Vanguard Corporation announces $12.2 million spares order for U.S. Department of Defense for Electronic Counter Measures equipment.
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[{"type":"text","content":"\n\n\n\nOTTAWA, Sept. 28 /CNW Telbec/ - Allen-Vanguard Corporation\n("Allen-Vanguard" or the "Company") (TSX:VRS) announced today that it has\nreceived an order for a U.S. Department of Defense ("DoD") customer for\n$12.2 million to supply spares in support of the Company's existing in-service\nelectronics counter measures ("ECM") equipment. All amounts are in Canadian\ndollars unless otherwise specified.\n\n\n"We are very pleased at the commitment this DoD customer has made to\nin-service support of our ECM equipment," said David E. Luxton, President and\nCEO. "This order is one example of the potential for recurring revenue from\nour growing installed base of ECM equipment."\n\n\nThe Company stated that it expects to complete delivery of the order by\nthe end of its third quarter in fiscal 2008.\n\n\nAbout Allen-Vanguard\n\n\nAllen-Vanguard Corporation supports the mission of military and homeland\nsecurity forces around the world with leading proprietary solutions for\nprotection and counter-measures against hazardous devices of all kinds,\nwhether chemical, biological, radiological or explosive ("CBRNE"), including\nimprovised explosive devices ("IEDs") and remotely controlled IEDs ("RCIEDs").\nAllen-Vanguard equipment is in service in more than 120 countries. Products\ninclude Electronic Counter-Measures ("ECM") equipment for jamming remote\ndetonation of terrorist devices, specialty security equipment for Explosive\nOrdnance Disposal ("EOD"), remote intervention robots for hazardous\napplications, and personal protective wear for use in dealing with explosive\nand bio-chemical agents. Allen-Vanguard is the developer and/or sole,\nworldwide licensee of proprietary technologies such as the Med-Eng bomb suit,\nthe DefenderTM and Vanguard TM Mk2 bomb disposal robots, and the Universal\nContainment System and CASCAD Foam system for blast mitigation and\ndecontamination of bio-chemical warfare agents. Professional services\nencompass counter-IED intelligence, training and advisory services, including\nthe TritonTM Report on terrorist incidents around the world. The Company\noperates globally through its wholly-owned subsidiaries under the names\n"Allen-Vanguard", "Med-Eng" and "Hazard Management ...