Point Blank awarded IOTV deal

POMPANO BEACH, Fla., July 3 (UPI) -- The U.S. Army has contracted Point Blank Solutions Inc. for improved outer tactical vests to offer soldiers enhanced protection in combat zones.

Florida-based Point Blank Solutions says its subsidiary, Point Blank Body Armor, received the $86.2 million contract from the Army for the production of 150,000 IOTVs. Point Blank, who is also currently under consideration for a 966,000 IOTV production deal with the Army, says the announced order Thursday for IOTVs will be completed before January 2009.

Officials say while the 966,000 IOTV contract is being delayed for contractor bidding purposes, the Army required an immediate order of IOTVs. As a result, Point Blank Body Armor, one of only two companies with an IOTV Army approval, was awarded the contract for the immediate production of 150,000 IOTVs.

"We are proud Point Blank continues to be the chosen supplier of the U.S. Army and look forward to meeting the requirements of the soldiers who protect our nation," Larry Ellis, Point Blank president and chief executive officer, said in a statement.