Bulova Technologies Group, Inc. Awarded 5 Year Contract -- Valued in excess of $9 million dollars May 17, 2012
Bulova Technologies Group, Inc. (OTCQB:BLVT.PK - News) (the "Company") announced today that its wholly owned subsidiary, Bulova Technologies Ordnance Systems LLC, has been awarded a Five Year Indefinite Delivery Indefinite Quantity Contract from the U.S. Navy's Naval Surface Warfare Center-Crane Division for the delivery of Distress Illumination Signal Kits and Hand Fired Distress Signals.
The total contract is valued at $9,820,950.00. The first delivery is scheduled for November 2012.
Stephen L. Gurba, President and CEO of BLVT stated, "The receipt of this award adds to our substantial backlog, valued in excess of 100 million dollars over the next 5 years, and adds a new product line to our manufacturing facility in Mayo, Florida."
Bulova Technologies Group, Inc. continues its commitment to the Department of Defense, the American soldier, and NATO allies.
About Bulova Technologies Group, Inc.
Bulova Technologies Group, Inc. and Bulova Technologies (Europe) LLC are headquartered in Clearwater, Florida. Bulova Technologies Group, Inc. is registered with the United States Department of State Directorate of Defense Trade Controls (DDTC) as a broker.
Bulova Technologies Ordnance Systems LLC is located on 261 acres in Mayo, Florida, and is a load, assemble, and pack (L.A.P.) facility specializing in fuzes, safe and arming devices and explosive simulators.
Please visit our website at www.BulovaTechGroup.com for more information.
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.
Investor Relations Contact:
Equiti-trend Advisors, LLC
Brian Barnes, 800-953-3350