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