Company Secures $3.4 Million Order From U.S. Army for Afghanistan Border
Patrol
SPRINGFIELD, Mass., Sept. 21 /PRNewswire-FirstCall/ -- 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.
About Smith & Wesson
Smith & Wesson Holding Corporation, through its subsidiary Smith & Wesson
Corp., is one of the world's largest manufacturers of quality handguns, law
enforcement products and firearm safety/security products. The Company also
licenses shooter protection, knives, apparel, footwear and other accessory
lines. The Company is based in Springfield, Massachusetts, with manufacturing
facilities in Springfield and Houlton, Maine. The Smith & Wesson Academy is
America's longest-running firearms training facility for America's public
servants. For more information, call (800) 331-0852 or log on to
http://www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed to be
forward-looking statements under federal securities laws, and the Company
intends that such forward-looking statements be subject to the safe-harbor
created thereby. Such forward-looking statements include statements regarding
the Company's anticipated sales and growth in sales to the U.S. and foreign
governments. The Company cautions that these statements are qualified by
important factors that could cause actual results to differ materially from
those reflected by such forward-looking statements. Such factors include the
demand for the Company's products, the Company's growth opportunities, and
other risks detailed from time to time in the Company's reports filed with the
SEC, including its Form 10-K Report for the fiscal year ended April 30, 2005.
Liz Sharp, VP Investor Relations
Smith & Wesson Holding Corp.
(480) 949-9700 x. 115
lsharp@smith-wesson.com
SOURCE Smith & Wesson Holding Corporation
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Related links:
http://www.smith-wesson.com
CONTACT:
Liz Sharp, VP Investor Relations of Smith &
Wesson Holding Corp., +1-480-949-9700, ext. 115,
lsharp@smith-wesson.com
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