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September 21, 2005
SPRINGFIELD, MA - Smith & Wesson
Holding Corporation (Amex: SWB), parent company of
Smith & Wesson
Corp., the legendary 153-year old company in the global business of
safety, security, protection and sport, announced that it has
secured an order from the U.S. Army Tank Automotive Armament Command
("TACOM") to provide 12,000 pistols for shipment to the Afghanistan
Border Patrol. The order, which was received yesterday and is valued
at approximately $3.4 million, is scheduled to ship in its entirety
by December 2005.
Michael Golden, President and Chief Executive Officer, said, "This
order for the U.S. Army represents a new milestone in establishing
Smith & Wesson as an ongoing supplier of domestic, high-quality
firearms to the military branch of the federal government. We
established a strategy at Smith & Wesson early in calendar 2005 to
increase our efforts in supplying pistols to the U.S. government and
military segments. To that end, we have established a sales
organization dedicated to that objective and have now won our second
order in just five months. We intend to maintain our efforts to
continue growing this aspect of our business by supplying firearms
to our government and to our allies abroad. In addition, because our
pistols are manufactured entirely in the United States, this order
represents an opportunity to provide our government with products
that help to support jobs here at home."
This order is the second shipment of Smith & Wesson pistols to be
provided to the U.S. Army for ultimate delivery to Afghanistan
security forces. The first shipment, completed in May of this year,
was shipped through the U.S. Army Security Command (USASC) to supply
the Afghanistan National Army. For both orders, the U.S. Army
selected the Model SW9VE, a double-action-only pistol constructed
with a durable polymer frame and a through-hardened stainless steel
slide and barrel. Unique features of the 9 mm pistol include simple
operation procedures, tool-less disassembly and state-of-the-art
ergonomic design.
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