The Company will record a charge to third quarter earnings to account for the anticipated cost of the Zylon Replacement Program and discontinued sales of products that contain Zylon. The amount of the third quarter charge has not yet been finalized, but is not expected to exceed $60 million.
DHB Industries Inc's Armor Group is in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide.
DHB Armor Group's customers include the US Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, US Marshals, the NYC Police Department, the LA Police Department and the California Highway Patrol.
DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Wal-Mart, Walgreen's and Kerr Drugs as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and Chain Drug Marketing Association (CDMA).
marketing@alchempro.com
