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Metal Storm Limited Message Board

  • cjs_inmoz cjs_inmoz Jun 5, 2008 5:00 PM Flag

    New MST contract

    Project advances development on innovative weapon system
    ARLINGTON, VIRGINIA — 03 June, 2008 — Metal Storm (ASX: MST and NASDAQ: MTSX), is pleased
    to announce that Metal Storm Incorporated (MSI) has been awarded a major contract worth almost $US 1
    million to progress the development of one of its weapon systems for the U.S. military.
    MSI has been contracted by the Office of Naval Research (ONR) for the further development of a 12-
    gauge, Multi-shot Grenade Launcher. The Cost Plus Fixed Fee (CPFF) contract is valued at $US936,695.
    Work commences immediately with delivery scheduled in under 12 months.
    The project will extend the work performed previously under a contract with the United States Marine
    Corps for a Multi-Shot Accessory Underbarrel Launcher (MAUL). The MAUL is a lightweight grenade
    launcher and shotgun attachment that fits under the barrel of a combat weapon such as the M-16 or M-4.
    It is capable of shooting 4 rounds from a single cartridge.

    The MAUL was recently demonstrated before an audience of more than a hundred people at one of
    world’s premier small arms events, the International Infantry and Joint Services Small Arms Symposium in
    Dallas, Texas.

    Peter D. Faulkner, Metal Storm Inc. General Manager, said: “In the early phases of this project we will be
    consulting with the Operational Commanders to determine mission needs and to identify the relevant
    current and future operational areas that the MAUL must address to be successful on the battlefield. This
    emphasis will bring the warfighter an auxiliary weapon with advanced capabilities beyond that of legacy
    weapons and enhance the effectiveness of the individual infantryman in both lethal and non-lethal
    scenarios.”

    The MAUL design incorporates Metal Storm Limited’s patented, electronically initiated stacked projectile
    technology. It is capable of firing munitions across the spectrum, from fragmenting and door breaching
    grenades to non-lethal projectiles for law enforcement applications.

    Metal Storm Limited CEO, Dr Lee Finniear, said the ONR contract provides a catalyst for the next stage of
    taking MAUL on its path to commercial production.
    “It is clear from this latest US Navy contract that the MAUL weapon has the potential to provide a
    capability needed by today’s fighting soldier,” Dr Finniear said.
    “I am very pleased that Metal Storm technology is embedded at the core of this unique weapon, and that
    the potential benefits of MAUL appear clear to the US Military.”

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