EASI Engineered Support Systems (MM)

ST. LOUIS, Mo., Sept. 15 /PRNewswire-FirstCall/ -- Engineered Support Systems, Inc. (NASDAQ:EASI), through its wholly-owned subsidiary Systems & Electronics Inc., received an additional $14.8 million order under its firm- fixed price contract with the U.S. Army Tank-automotive and Armaments Command (TACOM) at Warren, Michigan to remanufacture M1000 Heavy Equipment Transport (HET) trailers. The current order involves refurbishment of 76 M1000 HET systems previously deployed during Operation Iraqi Freedom in Southwest Asia, bringing the funded value of the contract to $ 71.1 million for a total of 364 trailers ordered to date, according to Gerald A. Potthoff, Vice Chairman, CEO and President of Engineered Support. The M1000 HET refurbishment contract calls for the company's wholly-owned subsidiary, Systems & Electronics Inc. (SEI), to remanufacture up to 1,063 M1000 HET trailers to "like new" condition at its West Plains, Missouri manufacturing facility over a five year ordering period, ending October 2008. The contract includes remaining options for up to 699 additional units over this period. The M1000 HET, designed and manufactured exclusively by SEI, is widely recognized as the best tank and heavy equipment transporter in the world. With its high degree of flexibility, it can carry all types of tracked and wheeled vehicles, containers and large bulk cargo weighing as much as 80 tons on or off-road. Specifically, the M1000 is engineered to transport the M1 Series main battle tank over primary and secondary roads or cross-country over rough unimproved surfaces. Over the past 12 years, SEI has manufactured more than 2,300 M1000 HET trailers deployed with the U.S. Army worldwide. Engineered Support Systems, Inc. provides advanced sustainment solutions including the design, manufacture and supply of integrated military electronics, support equipment and technical and logistics services for all branches of America's armed forces and certain foreign militaries, homeland security forces and selected government and intelligence agencies. The company also produces specialized equipment and systems for commercial and industrial applications. For additional information, please visit the Company's website at http://www.engineeredsupport.com/ . DATASOURCE: Engineered Support Systems, Inc. CONTACT: Larry Cox, Communications Mgr of Engineered Support Systems, Inc., +1-314-553-4960, Web site: http://www.engineeredsupport.com/

Copyright