KDI Precision Products Inc. in Clermont County has received a $37.7 million contract from the Department of Defense.
The contract to supply 48,774 electronic bomb fuses is one of the larger received by the unit of L-3 Communications Inc. and is part of the military's regular procurement.
Eric Guerrazzi, KDI president, said the agreement includes an option for an additional $20 million for reserve replenishment after the Iraq war.
KDI, which employs 325, will supply fuses and related equipment for several Navy and Air Force bombs, including precision-guided weapons such as the Joint Direct Attack Munitions and laser-guided bombs.
Most of the work will be done at KDI's plant.
It is slated to be completed by April 2005.
The agreement calls for KDI to supply 33,329 electronic bomb fuses the Navy; 13,194 to the Air Force; and smaller quantities to Egypt, the Netherlands and Belgium under the Defense Department's foreign military sales.
Contech looking to broaden sales market
Contech Construction Products Inc. in Middletown expects to push its sales to the bridge construction market to more than $100 million annually with acquisition of rights to the BEBO Concrete Arch System.
Contech has formed a new unit, Contech BEBOTech Inc. to supply the prefabricated concrete arches with spans of 12 feet to 84 feet.
The company said the acquisition makes it the largest single-source for pre-engineered bridge systems including steel, aluminum and now pre-engineered concrete.
ABM Drives opens new office in Milford
ABM Drives Inc., a unit of ABM Greiffenberger Antriebstechnik, GmbH, in Marktredwitz, Germany, has opened an office in Milford.
The company supplies AC induction motors, geared motors, brakes and drives to manufacturers of cranes, hoists, stair lifts, utility vehicles and other uses. The new office is at 2000 Ford Circle, Suite E in Milford.
TechSolve offers tips to profitable production