Science & Technology
Science and Technology
Science and Technology
Mon, February 9, 2009 LaBarge Receives $1.6 Million Contract from Northrop Grumman for LAIRCM Missile Defense Program
ST. LOUIS--([ BUSINESS WIRE ])--LaBarge, Inc. (AMEX: LB)has been awarded a $1.6 million contract from Northrop Grumman Corporation (NYSE: NOC) to continue to produce electronic equipment for the AN/AAQ-24(V) Directional Infrared Countermeasure (DIRCM) system. LaBarge has worked on the program for nearly a decade.
The Large Aircraft Infrared Countermeasures (LAIRCM) system is the only operational DIRCM system in production today that is designed to protect military aircraft from infrared-guided missiles, which are growing in popularity among terrorist groups and in third world countries. LAIRCM automatically detects a missile launch, determines if it is a threat and activates a high-intensity countermeasures system to track and defeat the threat. LAIRCM is a modular system comprised of a family of proven components that can be mixed and matched (based on specific platform, mission and budget requirements) to protect a wide range of large and small aircraft, both rotary and fixed wing.
Production on this contract at LaBarge's Tulsa, Okla., facility is expected to continue through the beginning of April 2009. LaBarge is a Northrop Grumman Preferred Supplier.
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
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.
