Raven Industries, Inc. (NASDAQ: RAVN) wholly owned subsidiary Aerostar International, Inc. has received a five year $12.2 million contract for the production of US Army T-11 personnel parachutes. The parachutes are expected to be shipped during the fiscal year beginning February, 2010. The contract is expected to have annual release that will continue through 2014.
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About Aerostar International
Aerostar International, Inc. is a wholly owned subsidiary of Raven Industries (Nasdaq NGS: RAVN), a U.S. manufacturer providing Aerospace Products, Military Products, Tethered Aerostats, Protective Wear and Custom Inflatables to various markets.
About Raven Industries, Inc.
Raven is an industrial manufacturer that provides electronic precision-agriculture products, reinforced plastic sheeting, electronics manufacturing services, and specialty aerostats and sewn products to niche markets.
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