Smith & Wesson Receives U.S. Army Pistol Order
03 Oktober 2005 - 10:15PM
PR Newswire (US)
S&W Receives Follow-on Order for Shipment to Afghanistan
National Army SPRINGFIELD, Mass., Oct. 3 /PRNewswire-FirstCall/ --
Smith & Wesson Holding Corp. (AMEX:SWB), the legendary 153-year
old company in the global business of safety, security, protection
and sport, today announced it has secured an order to supply 5,530
pistols to the U.S. Army Security Assistance Command (USASC)
Special Projects Office for shipment to the Afghanistan National
Army. The order is a follow-on to Smith &Wesson's initial
shipment of 4,850 pistols for the Afghanistan National Army earlier
this year. The current order, valued at approximately $1.2 million,
represents the third award to the Company by the U.S. Army since
April for security forces in Afghanistan and brings the Company's
total military orders in 2005 to over 22,500 pistols. Michael
Golden, President and Chief Executive Officer, said, "We continue
to execute on our strategy to increase our efforts to supply
pistols to the U.S. government and military. This order reflects
our success in making the Smith & Wesson brand synonymous with
quality firearms for military and federal usage." Smith &
Wesson, which competed with other leading firearms manufacturers,
indicated that it won the order based on the features of the SW9VE
9mm pistol. The Company stated that it is scheduled to manufacture
and ship the order in its entirety by December 2005. The pistols
will be manufactured entirely in the United States. The SW9VE is a
double-action-only pistol constructed with a durable polymer frame
and a through-hardened stainless steel slide and barrel. The 9 mm
pistol features an ergonomic design to accommodate various hand
sizes. Unique features include simple operation procedures and
tool-less disassembly. About Smith & Wesson Smith & Wesson
Holding Corp., 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 provides shooter protection, knives, apparel, footwear
and other accessory lines. The Company is based in Springfield,
Mass., 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 to the
military and the federal government and sales into those respective
markets, and the Company's ability to successfully meet
manufacturing and shipping requirements. 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, the
ability of the Company to engage additional key sales related
employees, and other risks detailed from time to time in the
Company's reports filed with the SEC. CONTACTS: Tom Taylor, VP
Marketing (413) 747-3372 Liz Sharp, Investor Relations (480)
367-5015 x.115 DATASOURCE: Smith & Wesson Holding Corp.
CONTACT: Tom Taylor, VP Marketing, +1-413-747-3372, , or Liz Sharp,
Investor Relations, +1-480-367-5015, ext. 115, , both of Smith
& Wesson Holding Corp. Web site: http://www.smithandwesson.com/
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