ESCO Technologies (ESE) Announces $25M Contract Award at PTI

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August 20, 2009 1:05 PM EDT

ESCO Technologies Inc. (NYSE: ESE) announced that PTI Technologies Inc. (PTI) has been awarded a production contract to be a major supplier of filtration elements and assemblies to Allison Transmission for distribution worldwide.

This five-year contract has an anticipated value in excess of $25 million and is expected to generate approximately $5 million in annual revenues. Additionally, the agreement provides for a five-year extension.