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streetshooter

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Thursday, 04/03/2003 11:03:12 PM

Thursday, April 03, 2003 11:03:12 PM

Post# of 54376
DHB NEWS....and good news at that!



DHB Industries Wins $5.3 Million Contract From The U.S. Military For Combat Vehicle Crewman's Vests


CARLE PLACE, N.Y. April 3 /PRNewswire-FirstCall/ -- DHB Industries Inc. (Amex: DHB), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, has been awarded a contract from the U.S. Military for the manufacture of Combat Vehicle Crewman's ("CVC") vests.

The three year CVC contract was awarded by the Defense Supply Center Philadelphia. ("DSCP"). The first delivery order received under the new contract is valued at $1.7 million. The estimated value of contract if maximum quantities are ordered is $5.3 Million.

CVC vests provide a combination of Ballistic protection with lightweight outershells for a high degree of mobility and versatility within the tight confines of armored vehicles.

Commenting on the announcement, Sandra Hatfield, COO of DHB Industries, stated, "This contract win with the U.S. Military follows the enormously successful contract between the U.S. Military and our Point Blank Body Armor division for the Interceptor Outer Tactical Vest (OTV). We look forward to continuing to provide our Customers with exceptional products and service."

DHB recently reported record revenues of $130.3 million for the full-year ended December 31, 2002. The backlog of firm, funded purchase and delivery orders as of March 1, 2003 was approximately $57 million. Given continued strong demand across all customer segments in the first quarter of 2003, revenues for Q1 will exceed the analysts' estimates of $35 million.

About DHB Industries, Inc.

DHB Industries Inc.'s Armor Group is the market leader 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 U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. 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 Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.

DHB maintains facilities in Carle Place, NY, Deerfield Beach, FL, Oakland Park, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries Inc., visit the website at http://www.dhbindustries.com .

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

CONTACT:

Dawn E. Schlegel, CFO

DHB Industries Inc.


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