This seems like an awful lot of body armor. I wonder where they are planning on using it. Although I see that instead of the 1.2 million plates covered in this contract you could buy nearly 8 million plates with the same money at Bulletproofme.com.
Got body armor?
Got body armor?
Ceradyne gets $2.37 billion body armor contract
Associated Press 10.06.08, 7:31 AM ET
COSTA MESA, Calif. -
Ceradyne Inc., which makes ceramics for military armor, said Monday it received a five-year, $2.37 billion contract for its personal ceramic armor plates from the U.S. Army.
The contract provides for a minimum of 500 plates per year to a maximum of 240,000 plates per year.
Ceradyne (nasdaq: CRDN - news - people ) also received the first delivery order for its First-Article Testing plates for $943,000.
Ceradyne records only the part of the contract which has firm delivery orders issued against the total contract as backlog.