LaBarge awarded $2.6 mil contract from Raytheon
Nov 18, 2009
LaBarge, Inc. (NYSE Amex: LB) has been awarded a $2.6 million contract from the Raytheon Company to provide wiring harnesses for the MK 48 and MK 54 torpedoes. The contract represents the first time LaBarge has supplied product for the two torpedo programs.
Primarily launched from submarines, the MK 48 is a heavyweight torpedo designed for
anti-submarine and anti-surface warfare, in both littoral and deep-water environments. The MK 54 is a lightweight torpedo that can be launched from surface ships, helicopters or planes to track, classify and destroy underwater targets in both deep and shallow water.
Production on the contract, which will take place at LaBarge's Berryville, Ark., plant, is expected to begin in January 2010 and continue through December 2011.
www.labarge.com
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