Friday, March 28, 2008

Federal Bureau Of Prisons Awards Sturm, Ruger & Co., Inc. 5-Year Contract

SOUTHPORT, CONNECTICUT ' Sturm, Ruger & Company, Inc. (NYSE:RGR) is proud to announce that it has been awarded a 5-year requirements contract for the Federal Bureau of Prisons. The contract is for 1,750 9mm pistols, with the potential to replace up to 3,000 pistols for the federal prison system. The pistols to be supplied are based on the Ruger KP95 models. The pistols are double-action only, incorporate a stainless steel slide, and feature a custom polymer composite frame with a picatinny rail.

'We are pleased to have the opportunity to work with the Federal Bureau of Prisons,' said Ruger Chief Executive Officer Mike Fifer. 'The Bureau of Prisons strives to provide a safe environment for both employees and inmates, and Ruger is proud to contribute to that success by providing reliable firearms to the agency. Ruger's P95 pistols have developed a legendary reputation for strength, reliability, and value, and we are proud to have won the Bureau's competitive bid with these fine firearms.'

'Our late founder, William B. Ruger, Sr., began his firearms career designing small arms for the U.S. government, and he would be pleased that we continue following in that legacy,' said Ruger President Stephen L. Sanetti.

The Ruger pistols to be supplied under this contract will be manufactured in the company's Prescott, Arizona manufacturing facility over the next five years.

About Sturm, Ruger:

"Sturm, Ruger was founded in 1949 and is one of the nation's leading manufacturers of high-quality firearms for the commercial sporting market. Sturm, Ruger is headquartered in Southport, CT, with manufacturing facilities located in Newport, NH and Prescott, AZ."

Lordy, Lordy. Ruger getting a government contract. No, the A-Team doesn't count.

Guess the SR9 was more than what the FBP was willing to spring for.

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