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Avon Rubber Completes Buy of 3M Ballistic Protection Unit

U.K.-based military technology provider Avon Rubber has completed its acquisition of 3M's (NYSE: MMM) ballistic protection business in an approximately $116M cash deal. The transaction includes an initial payment of $91M and a contingent consideration of up to $25M.

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Army Picks Three Firms for Potential $704M Hard Armor Plate Supply Contract

Three companies were awarded spots on a potential $704.2M contract to supply hard armor plates to the U.S. Army. Leading Technology Composites, 3M‘s (NYSE: MMM) Ceradyne subsidiary and TenCate Advanced Armor will compete for small arms and x-small arms protective insert orders, the Department of Defense said Wednesday. Army Contracting Command …

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3M Subsidiary to Deliver 177K Body Armor Plates Under $93M DLA Contract

3M subsidiary Ceradyne will provide 177, 000 body armor plates to the U.S. armed forces under a $92.7 million contract from the Defense Logistics Agency. The Minnesota-headquartered company said Wednesday the lightweight “enhanced” small arms protective inserts are embedded into tactical vests in efforts to protect military personnel against small-arms fire. Cheryl Ingstad, 3M business manager …

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Army Orders Body Armor Inserts From 3M Subsidiary; Cheryl Ingstad Comments

Ceradyne, a subsidiary of 3M (NYSE: MMM), will continue to supply additional lightweight body armor inserts to the U.S. Army under a $34 million contract modification. The modification was awarded through the service branch’s Soldier Protection System Vital Torso Protection program and is intended for the low-rate initial production of 28, …

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Ceradyne receives contract for vehicle armor

Ceradyne, Inc. has received a contract from Plasan Sasa Ltd. in Israel to provide armor for the MRAP All Terrain Vehicle (M-ATV). Work on the multi-million dollar contract began this month and deliveries are expected during 2010. Ceradyne will deliver the armor components to prime contractor Oshkosh Corporation, who will …

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