Point Blank Solutions receives $30m to support US Military
Point Blank Solutions, Inc., a leader in the field of protective body armor, today announced that Point Blank Body Armor, the Company's wholly owned subsidiary, has received multiple orders totaling approximately $30 million for the production of Outer Tactical Vest ("OTV") ballistic panel kits and related ballistic components. Products produced by the Company will be used to support US Military and Government operations and the Company expects to begin production in the fourth quarter of 2011.
Commenting on the announcement, Jim Henderson, Chief Executive Officer and Chairman of the Board stated, "Over the past year, we have made significant improvements in our manufacturing capabilities, improved our supply chain and industry relationships and greatly enhanced our product design and engineering initiatives. All of these steps have enabled us to remain a key supplier of protective solutions for the US Military and Government, and have contributed to our growth in other areas of our business, most notably the domestic law enforcement market. We look forward to continuing to meet the needs of the Government and all of our customers, providing the most innovative body armor solutions the industry has to offer."
Source: Point Blank
More from Land Warfare
-
Israel ramps up Arrow-4 development following Iranian attack
Israel’s Ministry of Defense has fast-tracked the development of the Arrow-4 ballistic missile interceptor in response to recent Iranian ballistic missile attacks.
-
Japan orders THeMIS UGVs
Milrem’s Tracked Hybrid Modular Infantry System (THeMIS) is a modular, multimission, hybrid UGV. The current fifth-generation model incorporates knowledge gained during tests in the US, Europe and the Middle East, as well as during field-deployment in Mali in the French-led Operation Barkhane.
-
GDELS rolls out Piranha HMC
General Dynamics European Land Systems (GDELS) MOWAG has introduced the Piranha Heavy Mission Carrier (10x10), an enhanced version of its Piranha armoured vehicle series, featuring increased payload capacity and specialised configurations for diverse battlefield roles.
-
NATO orders more 155mm ammunition
The contract, in the triple-digit million euro range, includes high explosive extended range projectiles, modular charges, fuzes and primers.
-
US deploys Mid-Range Capability missile defence system to the Philippines
Mid-Range Capability (MRC) missile defence system has leveraged Lockheed Martin’s expertise with two in-service USN systems: the MK 41 Vertical Launching System (VLS) and the Aegis Weapon System.