Armor Designs clinches $54m deal with C&W
By BFN News | 02:19 PM | Tuesday 21 February, 2012
Armor Designs has signed a $54m, three-year purchase order agreement with C&W Murphy Associates to produce protective material designs for national and international distribution.
Armor Designs LLC will make ongoing shipments to C&W over a period of approximately 36 months.
The agreement incorporates a three-year $18m per year comprehensive financing facility to ADLLC.
The use of proceeds of the facility is restricted to use for the fulfilment of the manufacture of protective armour designs as specified by C&W within the agreement.
(LON:ADID) share price was +27.5p at 137.5p
(LON:ADIS) share price was +30p at 137.5p
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