Armor Holdings Could Boost Humvee Armor Output 22%

[Squatch]

http://quote.bloomberg.com/apps/news?pid=10000006&sid=aMGdbQCSwiRg&refer=home

Dec. 9 (Bloomberg) -- 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.''

[bullimiami]

1. Why? Let them fight with what they have.

Rummy knows best.

[LisaM]

2. I wonder what DoD people own stock in Armor Holdings

anyone know anything about this company? I wonder if they are related to the voting machines companies (I would NOT be surprised; at least one of them is related to a Defense contractor.)

[Squatch]

4. Stock Quote for (AH)

ARMOR HOLDINGS INC AH Stock

Last
Price 42.51 Bid (size) 42.50 (x600)
Today's
Change +1.74 (+4.27%) Ask (size) 42.54 (x1,200)


Open 40.97 Market
Cap 1.392B
Volume 1,443,300 P/E 24.15
Today's
Range 40.25 - 42.85 EPS 1.76
52-Week
Range 24.80
(1/20/2004) 45.03

[vpigrad]

5. I don't think they own stock...

because then the company would be running at 110% rather than 80% to make as much money for the thugs in the military. They're probably not getting more business, because they're not playing the game of giving those thugs stock or cash.

[pleiku52cab]

6. the problem is

that not enough DoD and other connected repugs own (yet) enough of their stock

[KingChicken]

3. rummy rather send the money to big business...

That's the bottom line here, they really want to cut costs to bush can hand out some more money to his big players.

[Moderator]

7. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1057985