http://quote.bloomberg.com/apps/news?pid=10000006&sid=aMGdbQCSwiRg&refer=homeArmor Holdings Could Boost Humvee Armor Output 22% (Update2)
Armor Holdings Inc., the sole supplier of protective plates for the Humvee military vehicles used in Iraq, said it could increase output by as much as 22 percent per month with no investment and is awaiting an order from the Army.
U.S. Defense Secretary Donald Rumsfeld said yesterday the Army was working as fast as it can and supply is dictated by ``a matter of physics, not a matter of money.''
Jacksonville, Florida-based Armor Holdings last month told the Army it could add armor to as many as 550 of the trucks a month, up from 450 vehicles now, Robert Mecredy, president of the company's aerospace and defense group said in a telephone interview today.
``We're prepared to build 50 to 100 vehicles more per month,'' Mecredy said in the interview. ``I've told the customer that and I stand ready to do that.''
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Armor Holdings has already boosted output from 60 vehicles a month a year ago, said Mecredy, 58. As a result of the increased output, Armor Holdings has cut the price for the armor its supplies for the trucks to $58,000 per vehicle, from $72,000 per vehicle a year ago, Mecredy said.
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To contact the reporter on this story:
Edmond Lococo in Boston at elococo@bloomberg.net.
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so why hasn't Rummy asked for more?
Halliburton over charges and this company drops the cost.
guess Halliburton is laughing at them.