AirBoss Announces New Contracts Valued at up to US$15.6M and Provides Update on Existing Program
AirBoss Defense Group has secured two new contracts worth up to US$15.6 million. The first contract, valued at up to US$9.2 million, is with armasuisse for Molded AirBoss Lightweight Overboots (MALO) to support Swiss Defense Forces. The second contract, worth up to US$6.4 million, is for Low Burden Masks (LBM), filters, and accessories for a partner nation.
Both contracts are scheduled to begin deliveries in Q3 2025. The company has also reported potential delays in their existing US$45 million Bandolier contract due to supply chain constraints affecting critical components. To date, they have completed US$17 million in deliveries under this contract, with an additional US$2.5 million worth of units in transit.
AirBoss Defense Group ha ottenuto due nuovi contratti del valore complessivo di 15,6 milioni di dollari USA. Il primo contratto, del valore massimo di 9,2 milioni di dollari USA, è con armasuisse per gli Overboots Leggeri Moldati AirBoss (MALO) a supporto delle Forze di Difesa Svizzere. Il secondo contratto, del valore massimo di 6,4 milioni di dollari USA, riguarda le Maschere a Basso Carico (LBM), filtri e accessori per una nazione partner.
Entrambi i contratti sono programmati per iniziare le consegne nel terzo trimestre del 2025. L'azienda ha inoltre segnalato potenziali ritardi nel loro contratto esistente da 45 milioni di dollari USA per il Bandolier a causa di vincoli nella catena di approvvigionamento che influenzano componenti critici. Fino ad oggi, hanno completato 17 milioni di dollari USA in consegne nell'ambito di questo contratto, con ulteriori unità del valore di 2,5 milioni di dollari USA in transito.
AirBoss Defense Group ha asegurado dos nuevos contratos por un valor total de 15,6 millones de dólares estadounidenses. El primer contrato, valorado en hasta 9,2 millones de dólares estadounidenses, es con armasuisse para las Botas Ligeras Moldeadas AirBoss (MALO) para apoyar a las Fuerzas de Defensa Suizas. El segundo contrato, por un valor de hasta 6,4 millones de dólares estadounidenses, es para Máscaras de Bajo Carga (LBM), filtros y accesorios para una nación asociada.
Ambos contratos están programados para comenzar las entregas en el tercer trimestre de 2025. La empresa también ha informado sobre posibles retrasos en su contrato existente de 45 millones de dólares estadounidenses por el Bandolier debido a restricciones en la cadena de suministro que afectan componentes críticos. Hasta la fecha, han completado 17 millones de dólares estadounidenses en entregas bajo este contrato, con unidades adicionales por un valor de 2,5 millones de dólares estadounidenses en tránsito.
AirBoss Defense Group는 총 1,560만 달러에 달하는 두 개의 새로운 계약을 체결했습니다. 첫 번째 계약은 920만 달러의 가치가 있으며, 스위스 방위군을 지원하기 위해 armasuisse와 함께하는 AirBoss 경량 몰드 오버부츠(MALO)입니다. 두 번째 계약은 640만 달러의 가치가 있으며, 파트너 국가를 위한 저부담 마스크(LBM), 필터 및 액세서리입니다.
두 계약 모두 2025년 3분기부터 배송이 시작될 예정입니다. 회사는 또한 공급망 제약으로 인해 기존의 4,500만 달러 규모의 Bandolier 계약에 잠재적인 지연이 있을 수 있다고 보고했습니다. 현재까지 이 계약에 따라 1,700만 달러의 배송이 완료되었으며, 추가로 250만 달러 상당의 유닛이 운송 중입니다.
AirBoss Defense Group a sécurisé deux nouveaux contrats d'une valeur totale allant jusqu'à 15,6 millions de dollars US. Le premier contrat, d'une valeur allant jusqu'à 9,2 millions de dollars US, est avec armasuisse pour les surbottes légères moulées AirBoss (MALO) afin de soutenir les Forces de défense suisses. Le deuxième contrat, d'une valeur allant jusqu'à 6,4 millions de dollars US, concerne des masques à faible charge (LBM), des filtres et des accessoires pour une nation partenaire.
Les deux contrats sont prévus pour commencer les livraisons au troisième trimestre de 2025. L'entreprise a également signalé des retards potentiels dans son contrat existant de 45 millions de dollars US pour le Bandolier en raison de contraintes de la chaîne d'approvisionnement affectant des composants critiques. À ce jour, elle a complété 17 millions de dollars US de livraisons dans le cadre de ce contrat, avec des unités supplémentaires d'une valeur de 2,5 millions de dollars US en transit.
AirBoss Defense Group hat zwei neue Verträge im Gesamtwert von bis zu 15,6 Millionen US-Dollar gesichert. Der erste Vertrag, der bis zu 9,2 Millionen US-Dollar wert ist, wurde mit armasuisse für die Molded AirBoss Lightweight Overboots (MALO) zur Unterstützung der Schweizer Verteidigungsstreitkräfte abgeschlossen. Der zweite Vertrag, der bis zu 6,4 Millionen US-Dollar wert ist, betrifft Low Burden Masks (LBM), Filter und Zubehör für eine Partnernation.
Beide Verträge sollen im 3. Quartal 2025 mit den Lieferungen beginnen. Das Unternehmen hat auch über mögliche Verzögerungen bei ihrem bestehenden 45 Millionen US-Dollar Bandolier-Vertrag aufgrund von Engpässen in der Lieferkette berichtet, die kritische Komponenten betreffen. Bisher wurden 17 Millionen US-Dollar an Lieferungen im Rahmen dieses Vertrags abgeschlossen, wobei sich zusätzlich 2,5 Millionen US-Dollar an Einheiten in Transit befinden.
- Secured new defense contracts worth up to US$15.6 million
- Strong market presence with MALO overboots sold to over 60 countries (6.1M pairs)
- Successfully delivered US$17 million worth of Bandolier systems to date
- Supply chain constraints causing delays in US$45M Bandolier contract delivery
- Geopolitical climate and tariff uncertainty affecting operations
NEWMARKET, Ontario, April 07, 2025 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that AirBoss Defense Group, AirBoss Manufactured Products’ (“AMP”) defense business, has received an order from armasuisse, in support of Swiss Defense Forces personnel, for ADG Molded AirBoss Lightweight Overboots (“MALO”) and an order from a partner nation, for ADG Low Burden Masks (“LBM”), filters and related accessories. The combined value of these contract awards is expected to be worth up to US
The MALO contract is a two-year contract, expected to be valued at up to US
The contract for LBMs, filters and related accessories is expected to be valued at up to US
The Company also advises that it is currently assessing potential delays in the delivery schedule under the previously announced contract for Bandolier lightweight multipurpose energetic systems, valued at up to US
“These two new contracts, building upon recently-announced awards, highlight the continued positive momentum in our defense business,” said Chris Bitsakakis, President and co-CEO of AirBoss. “At the same time, we are actively managing challenges presented by the current geopolitical climate, the impact of tariff uncertainty and constraints in global supply chains, including the potential impact to delivery timelines under the current Bandolier contract. The defense business remains committed to delivering protective and survivability solutions to our customers and we look forward to continuing to provide these products to ensure the safety of warfighters operating in challenging environments and conditions.”
About AirBoss
AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, advanced custom rubber compounds and finished rubber products that are designed to outperform in the most challenging environments. Founded in 1989, the company operates through two divisions. AirBoss Rubber Solutions is a North American custom rubber compounder with 500 million turn pounds of annual capacity. AirBoss Manufactured Products is a supplier of anti-vibration and rubber-molded solutions to the North American automotive market and other sectors, and also a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical and first responder communities, through its AirBoss Defense operations. The Company’s shares trade on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF. Visit www.airboss.com for more information.
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FAQ
What is the total value of the new contracts secured by ABSSF in April 2025?
How many MALO overboots has ABSSF sold globally to date?
When will ABSSF begin deliveries for the new MALO and LBM contracts?
How much has ABSSF delivered under the Bandolier contract so far?
What is causing delays in ABSSF's Bandolier contract delivery?
