re: ftse in free fall - down 100 points!!! Simula Receives...

re: ftse in free fall - down 100 points!!! Simula Receives Additional Orders for SAPI Body Armor Plates
2/25/2003 6:00:00 AM

TEMPE, Ariz., Feb 25, 2003 (BUSINESS WIRE) -- Simula, Inc. (SMU) announced today that it has received new delivery orders for Small Arms Protective Inserts (SAPI) body armor plates. The U.S. Marine/Natick delivery orders total in excess of $1.5 million and all deliveries are scheduled to be completed by second quarter 2003. The Company has received numerous similar Natick orders as announced in three press releases in the last 120 days.

These new delivery orders for SAPI plates valued at $1.5 million will be delivered to the U.S. Marine Corps under Simula's Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the U.S. Army Robert Morris Acquisition Center in Natick, MA, which was announced by the Company on October 25, 2001. The delivery orders announced today take the total number of plates ordered to date under the IDIQ contract to just over 43,000, or approximately $16,500,000.

Simula designs and makes systems and devices that save human lives. Its core markets are aviation safety, personnel safety, and military ground vehicle safety. Simula's core technologies include inflatable restraints, energy-absorbing seating systems, advanced polymer materials, lightweight transparent and opaque armor products, personnel protective equipment and emergency bailout parachutes. For more information, go to www.simula.com.