CRDN Receives $5.8 Million ESAPI Order

Ceradyne Inc. (CRDN) said it received a $5.8 million Enhanced Small Arms Protective Inserts [ESAPI] order which is expected to be shipped in the first quarter of 2011. This order is a delivery order issued by the U.S. Army RDECOM ACO Center, Aberdeen Proving Ground, MD, against a larger ID/IQ (Indefinite Delivery/Indefinite Quantity) contract. Ceradyne’s practice is to only book firm delivery orders such as the above $5.8 million as backlog for scheduled delivery.

At last check, CRDN shares were down $2.76, or 8.39%, to $30.60 in trading on the Nasdaq.

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