Point Blank (DHBT.OB) Awarded $53M Contract with U.S. Army
DHB Industries Inc. (Pink Sheets: DHBT) announced today its wholly-owned subsidiary, Point Blank Body Armor, was awarded a $52.7 million contract with the U.S. Army. Per the agreement, Point Blank will produce 75,000 Improved Outer Tactical Vests beginning by March 2008."With state-of-the-art manufacturing facilities in four locations, and strategic relationships with key suppliers in place, we have demonstrated consistently that we have the capability to produce and deliver products quicker than anyone in the industry," said Larry Ellis, DHB president and chief executive officer in a statement. The company designs and manufactures a variety of protective armor such as soft…