Market news, 07 February 2025
MSA Safety Secures $24.5 Million Refrigerant Monitoring Contract with U.S. Navy
Date:
27 July 2023
MSA Safety, Inc. announced that it has secured a $24.5 million contract with the U.S. Navy to provide components for refrigerant monitoring systems. The firm-fixed-price contract covers components for refrigerant monitoring systems that support the Naval Supply Systems Command Weapon Systems Support program. The components are used on U.S. naval ships around the world.
"We are proud the U.S. Navy has put its trust and confidence in the MSA Safety brand and selected us as the sole-source provider for this equipment," said Nish Vartanian, MSA Safety Chairman and Chief Executive Officer. "The multi-year contract will help assure consistency in the kind of detection equipment used onboard ships," he added. "That's important because uniformity, in this case, will help minimize for Navy personnel the learning curve associated with system training, use and maintenance."
All production work for the components will take place at the company's New Kensington, Pa., manufacturing plant.
"We are proud the U.S. Navy has put its trust and confidence in the MSA Safety brand and selected us as the sole-source provider for this equipment," said Nish Vartanian, MSA Safety Chairman and Chief Executive Officer. "The multi-year contract will help assure consistency in the kind of detection equipment used onboard ships," he added. "That's important because uniformity, in this case, will help minimize for Navy personnel the learning curve associated with system training, use and maintenance."
All production work for the components will take place at the company's New Kensington, Pa., manufacturing plant.
