The Allied Defense Group (ADG) Announces $24 Million In Ammunition Orders
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The Allied Defense Group, Inc. (Amex: ADG) announced it has received ammunition orders totaling more than $24 million from several customers. The contracts include new extensions of existing engagements as well as orders from new customers won in competitive situations across both of the firm's operating units, Mecar S.A. and Mecar USA.
"These orders reflect the strength of the competitive standing of our ammunition and ammunition-related service businesses and contribute to our already substantial backlog," said Major General (Ret) John J. Marcello, President and Chief Executive Officer of The Allied Defense Group. "These wins also add to our increasing global reach and expand our customer base to a new NATO country as well."
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