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Ceradyne Inc. Message Board

  • markox5 markox5 Jul 24, 2006 6:24 PM Flag

    Hexcel comments on body armor

     

    Doesnt seem like this will bode too well for CRDN, especially the last sentence

    The company said demand for soft body armor continues to decline from the surge levels seen in the period 2003 to 2005 and that ballistic revenues will continue to decline sequentially over the remaining quarters of this year.

    "Revenues this quarter were less than our expectations at the start of the year," said Chairman, President and Chief Executive Officer David Berges. "Ballistic revenues continued to decline from their record levels at the peak of the U.S. military soft body armor re-equipping cycle, but at a faster pace than we had anticipated."

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