Smith & Wesson Holding Corporation Receives Military Pistol Order
21 September 2005 - 11:55PM
PR Newswire (US)
Company Secures $3.4 Million Order From U.S. Army for Afghanistan
Border Patrol SPRINGFIELD, Mass., Sept. 21 /PRNewswire-FirstCall/
-- Smith & Wesson Holding Corporation (AMEX:SWB), parent
company of Smith & Wesson Corp., the legendary 153-year old
company in the global business of safety, security, protection and
sport, announced that it has secured an order from the U.S. Army
Tank Automotive Armament Command ("TACOM") to provide 12,000
pistols for shipment to the Afghanistan Border Patrol. The order,
which was received yesterday and is valued at approximately $3.4
million, is scheduled to ship in its entirety by December 2005.
Michael Golden, President and Chief Executive Officer, said, "This
order for the U.S. Army represents a new milestone in establishing
Smith & Wesson as an ongoing supplier of domestic, high-quality
firearms to the military branch of the federal government. We
established a strategy at Smith & Wesson early in calendar 2005
to increase our efforts in supplying pistols to the U.S. government
and military segments. To that end, we have established a sales
organization dedicated to that objective and have now won our
second order in just five months. We intend to maintain our efforts
to continue growing this aspect of our business by supplying
firearms to our government and to our allies abroad. In addition,
because our pistols are manufactured entirely in the United States,
this order represents an opportunity to provide our government with
products that help to support jobs here at home." This order is the
second shipment of Smith & Wesson pistols to be provided to the
U.S. Army for ultimate delivery to Afghanistan security forces. The
first shipment, completed in May of this year, was shipped through
the U.S. Army Security Command (USASC) to supply the Afghanistan
National Army. For both orders, the U.S. Army selected the Model
SW9VE, a double-action-only pistol constructed with a durable
polymer frame and a through-hardened stainless steel slide and
barrel. Unique features of the 9 mm pistol include simple operation
procedures, tool-less disassembly and state-of-the-art ergonomic
design. About Smith & Wesson Smith & Wesson Holding
Corporation, through its subsidiary Smith & Wesson Corp., is
one of the world's largest manufacturers of quality handguns, law
enforcement products and firearm safety/security products. The
Company also licenses shooter protection, knives, apparel, footwear
and other accessory lines. The Company is based in Springfield,
Massachusetts, with manufacturing facilities in Springfield and
Houlton, Maine. The Smith & Wesson Academy is America's
longest-running firearms training facility for America's public
servants. For more information, call (800) 331-0852 or log on to
http://www.smith-wesson.com/. Safe Harbor Statement Certain
statements contained in this press release may be deemed to be
forward-looking statements under federal securities laws, and the
Company intends that such forward-looking statements be subject to
the safe-harbor created thereby. Such forward-looking statements
include statements regarding the Company's anticipated sales and
growth in sales to the U.S. and foreign governments. The Company
cautions that these statements are qualified by important factors
that could cause actual results to differ materially from those
reflected by such forward-looking statements. Such factors include
the demand for the Company's products, the Company's growth
opportunities, and other risks detailed from time to time in the
Company's reports filed with the SEC, including its Form 10-K
Report for the fiscal year ended April 30, 2005. Liz Sharp, VP
Investor Relations Smith & Wesson Holding Corp. (480) 949-9700
x. 115 DATASOURCE: Smith & Wesson Holding Corporation CONTACT:
Liz Sharp, VP Investor Relations of Smith & Wesson Holding
Corp., +1-480-949-9700, ext. 115, Web site:
http://www.smith-wesson.com/
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