Bulova Technologies Group, Inc. Announces $39,500,000 U.S. Army Contract September 28, 2009 - Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--Bulova Technologies Group, Inc. (Pink Sheets: BLVT - News) (“BulovaTech” or “the Company”) announced today that its wholly-owned Bulova Technologies Ordnance Systems, LLC headquartered in Mayo, Florida, received a U.S. Army production contract from Headquarters Army Sustainment Command at Rock Island, Illinois. The five year contract calls for production and delivery of a series of Booby Trap Simulators to support training of the U.S. Armed Forces. The contract will run through 2013 and is valued at $39,500,000 for all deliveries.
The deliverable Booby Trap Simulators are a series of three distinct devices supplying the soldier with the hardware that simulates booby trap devices by explosively generating flare, whistle, and flash-bang outputs. These different actions support the simulation of various types of booby traps that are found in a wartime environment.
The Company Chairman John Stanton commented, “We are very excited about our position in the defense marketplace and are committed to providing the soldier with the highest quality product.”
Please visit our website at www.BulovaTechGroup.com for more information.
About Bulova Technologies Group, Inc.
Headquartered in Clearwater Florida, Bulova Technologies Group, Inc. operates two facilities, Bulova Technologies Ordnance Systems in Mayo, FL and BT Manufacturing Company in Melbourne, FL. The headquarters also houses BulovaTech Labs, Inc. and Bulova Technologies Combat Systems Company which is a world leader in the international sale of military vehicles, weapons and munitions in support of the U.S. Department of Defense.
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management.
Contact:
Bulova Technologies Group, Inc.
Beverly Mercer, 727-451-6560