ST. JOHN'S, Sept. 30 /CNW/ - Rutter Inc. (TSX: RUT) of St. John's, Newfoundland has confirmed the signing of a significant contract valued at $1.4 million US dollars with a major prime defense contractor. This latest commitment is in addition to previously announced orders, and represents additional and incremental demands for Rutter. Delivery on the orders will begin in fall 2010 and are anticipated to be completed within the fiscal year, ending August 2011.
Rutter President and CEO Fraser Edison says "This award brings our total commitment to over $17 million dollars in booked and committed sales orders due for delivery within the current fiscal year." Rutter will supply the contractor with defense assemblies destined for installation in vehicles which will be immediately deployed in active combat zones.
For 25 years Rutter has been supplying to the defense industry, as a proud supplier of equipment in use by the Canadian, United States and other international armies.
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. Multidisciplinary consulting engineering services including civil, structural, mechanical and electrical engineering as well as environmental and construction management services are provided to a diverse client base which includes all levels of government and the oil and gas and industrial sectors. For more information see www.rutter.ca
Forward-Looking Statements
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.
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For further information: For further information: Fraser Edison, President and CEO, Rutter Inc., +1 709 748 7105, [email protected]; Please direct media inquiries to: Carla Foote - Strategic Communications, +1 709 753 0794, +1 709 682 2292 (mobile), [email protected]
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