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FOR IMMEDIATE RELEASE
M81 Igniter Contract Award
On September 23, 2003 MAST was awarded a multi-million dollar base year contract
for the production of M81 Igniter Time Blasting Fuse with Shock Tube Capability.
The item is used in demolitions in all services. The contract is a 5-year
contract with the potential total award to exceed $20 million dollars over the
five years. In addition, the item is used by a variety of other services and as
part of other MDI (Modernized Demolition Initiative) packages. Production is
planned for the Nevada facility.
Spring 2003 – MAST is awarded 100% option (contract extension) on 40mm M781.
Army requests that MAST extends its option an additional 25% and the Army has
currently awarded 12%. We expect full extension award before close of 2003
fiscal year. This addition will require production though the end of 2004. The
Lake City team ramps up production to 65,000 units per month to meet additional
FMS and other government agency requirements, while continuing to get standard
deviations at 2.4.
July 2002 - - MAST was recently awarded another multi-million dollar
modification to its existing NAVY contract for the SMAW program. MAST drop ships
magazines to Talley Defenses Systems of Mesa, AZ.
Production of 40mm is well underway. MAST believes that it will finish base
contract on time. FAAT results had MAST shooting a 2.4 Standard deviation for a
required 4.5 SD. MAST believes that is the lowest SD fired for an FAAT and
possibly LAT.
MAST is supporting Polytech Ammunition of Louisiana with Ammunition machinery in
their efforts to make plastic case ammunition.
For More Information Contact:
MAST Technology, Inc.
State Hwys 7 & 78
Tel: 816 796 0480
FAX: 816 796 0485
Internet:
info@masttechnology.com
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