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LaBarge Awarded $2.9 Million in Contracts from BAE Systems for Bradley Combat Vehicle Program

^{Published on 2009-01-19 07:16:21, Last Modified on 2009-01-19 07:16:57 - Market Wire}
 

ST. LOUIS--([ BUSINESS WIRE ])--LaBarge, Inc. (AMEX: LB) has received $2.9 million in contracts from BAE Systems to manufacture electronic assemblies for its A3 Bradley Combat Systems vehicles. The Company has manufactured electronics for the Bradley program since 1982.

Bradley Combat Systems played a centerpiece role in Operation Iraqi Freedom andtheycontinue to provide outstanding survivability, mobility and combat capability to U.S. soldiers in close-combat urban situations as well as in open combat. The Bradley fulfills five critical mission roles – infantry fighting vehicle, cavalry fighting vehicle, fire support vehicle, battle command vehicle and engineer squad vehicle – for the Army's Heavy Brigade Combat Teams.

Production on these contracts is expected to continue through June 2009 at LaBarge's Huntsville, Ark., facility.

LaBarge, Inc. is a broad-based provider of electronics to technology-driven companies in diverse markets. The Company provides its customers with sophisticated electronic and electromechanical products through contract design and manufacturing services. Headquartered in St. Louis, LaBarge has operations in Arkansas, Missouri, Oklahoma, Pennsylvania, Texas and Wisconsin. The Company's Web site may be accessed at [ http://www.labarge.com ].

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from such statements due to a variety of factors that could adversely affect LaBarge, Inc.'s operating results. These risks and factors are set forth in documents LaBarge, Inc. files with the Securities and Exchange Commission, specifically in the Company's most recent Annual Report on Form 10-K and other reports it files from time to time. These forward-looking statements speak only as of the date such statements were made, or as of the date of the report or document in which they are contained, and the Company undertakes no obligation to update such information.