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LaBarge Receives $4.9 Million Contract from United Launch Alliance for Atlas V Program
ST. LOUIS, July 27, 2010 . . . LaBarge, Inc. (NYSE Amex: LB) has received a $4.9 million contract from United Launch Alliance (ULA) to continue to produce complex wiring harnesses for the Atlas V launch vehicle. ULA is a joint venture of The Boeing Company and Lockheed Martin Corporation to support U.S. government missions in space with reliable and cost-effective launch service solutions.
For the past 17 years, LaBarge has made wiring harnesses and select hardware assemblies for the Atlas family of launch vehicles, which take satellites into orbit. This past February marked the 20th Atlas V launch since the program began in 2002, and the 80th consecutive launch in the Atlas family supported by LaBarge. The Atlas V was developed for the U.S. Air Force's Evolved Expendable Launch Vehicle (EELV) program. ULA's Atlas, along with the Delta IV and Delta II, provides launch services for Air Force, NASA and National Reconnaissance Office missions. NASA recently awarded ULA a $6.7 million contract to develop an early detection system as part of NASA's Commercial Crew Development (CCDev) Program for human space flight.
Production on the new contract is taking place in Berryville, Ark., and is expected to continue through late 2013.
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.
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