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LaBarge Awarded $1.3M Contract From Lockheed Martin

Maritime Activity Reports, Inc.

April 22, 2003

LaBarge, Inc. has been awarded a $1.3 million contract from Lockheed Martin, Syracuse, N.Y., to make Integrated Electronics Mast (IEM) cable assemblies and interconnect devices for the U.S. Navy's next-generation attack submarine, the Virginia class. LaBarge will produce and test a variety of IEM cable assemblies that transmit tactical surveillance and reconnaissance data. The cables are part of a revolutionary, modular mast that aids in self-protection and intelligence gathering for battle group support by providing detection, identification and direction-finding for radar and communication signals, emanating from ships, aircraft, submarines and other emitters. Production at LaBarge's Joplin, Mo., facility is expected to run through September 2003.
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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