Press release from CNW Group
Rutter Inc. Awarded LAV-III Upgrade Program Contract
Tuesday, July 31, 2012
ST. JOHN'S, NL, July 31, 2012 /CNW/ - Today, Rutter Inc. (TSX: RUT) is announcing it has been awarded a defense manufacturing sub-contract valued in excess of $2.7 million. The contract is related to a fleet-wide upgrade of Canadian Army LAV-III vehicles.
Under the contract, Rutter will manufacture new driver's instrumentation panels for the vehicles. The upgrade to the assemblies performed by Rutter is essential to introduce new technologies to the vehicles which improve the capability, survivability and operational longevity of the LAV-III fleet. Deliveries are to commence in the fall of 2012.
Fraser Edison, President and CEO of Rutter noted, "these units are substantially modified from the original design which was also manufactured by Rutter when the fleet was first introduced to the Army over a decade ago. We are pleased to continue our long-standing role, supporting the LAV-III and the Canadian Forces."
About Rutter Inc. - Rutter is an enterprise focused on providing innovative technologies and engineering solutions. Rutter's global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, oil and gas sectors from its headquarters in the Province of Newfoundland and Labrador. For more information see www.rutter.ca
This press release may contain forward-looking statements that involve risks and uncertainties. These statements reflect current expectations and are subject to a number of risks and uncertainties including but not limited to, change in technology and general market conditions. Due to the many risks and uncertainties, Rutter Inc. cannot assure that forward-looking statements that may be contained in this press release will be realized.
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: RUTTER INC.
For further information:
Fraser Edison, President and Chief Executive Officer, Rutter Inc. +1 709 576 6666