For Immediate Release

AirBoss Defense Group Receives $45 Million Order for the Bandolier Lightweight Multi-Purpose Energetic System

April 29, 2024

New Contract Will Support Battlefield Obstacle Reduction, Path Clearing and Other Demolition Requirements

JESSUP, Md., April 29, 2024 (GLOBE NEWSWIRE) -- AirBoss Defense Group (ADG) announced today that it has been awarded a $45 million contract to provide its Bandolier lightweight, multipurpose energetic system to a NATO partner nation. Subject to satisfaction of customary conditions, including obtaining required export documentation, deliveries under this contract are expected to start in the second half of 2024 and continue through the end of 2025, The Bandolier is a lightweight and modular energetic system that can be employed across mobility, counter mobility, and survivability mission profiles. The Bandolier is designed to bridge the identified capability gap between large, complex, single role explosive charges and standard bulk demolitions, and its unique, lightweight, modular design allows for flexible use across a variety of mission requirements. The system reduces dependence on cumbersome single-role explosives and time-consuming user-constructed charges, maximizing explosive efficiency and operational versatility.

This order builds upon other recent contracts which ADG has received for the Bandolier, as the company works to expand the deployment of this product amongst NATO partner nations. Those contracts, awarded in the third and fourth quarters of 2023, were valued at up to US$9 million, for an aggregate of US$57.8 million of Bandolier awards received by ADG in the past twelve months.

John Johns, COO of AirBoss Defense Group said, “The AirBoss Bandolier is a unique and highly versatile tool that addresses a wide range of battlefield obstacles and threats. The Bandolier effectively replaces multiple explosive products, enabled by its ability to be re-configured and tailored in the field to support a wide-spectrum of mission requirements. This capability sets it apart from other systems. ADG welcomes this opportunity to support our NATO partners and the growth in demand for this highly effective, multi-purpose energetic system.”

For more information about the Bandolier, click here.

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Certain statements contained or incorporated by reference herein, including those that express management’s expectations or estimates of future developments or ADG’s future performance, constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws, and can generally be identified by words such as “will”, “may”, “could” “is expected to”, “believes”, “anticipates”, “forecasts”, “plans”, “intends” or similar expressions. These statements are not historical facts but instead represent management’s expectations, estimates and projections regarding future events and performance.

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