PRESS RELEASE Date Released:
Monday, July 26, 2010
Source: LaBarge
LaBarge Receives $4.9 Million Contract from United Launch Alliance for Atlas V Launch Program
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.
