Category: Uncategorized
March 24, 2004

News Release: DHB Industries Awarded $77 Million DOD Contract

DHB Industries Inc. (Amex: DHB), the market leader in the rapidly growing protective body armor industry, announced today that its wholly owned subsidiary, Point Blank Body Armor, Inc. ('Point Blank'- http://www.pointblankarmor.com), has been awarded a $77 million contract for body armor for the United States Military. Point Blank believes this is the largest single contract for body armor ever awarded by the U.S. Department of Defense.

The Company received the $77 million award for Point Blank's 'Interceptor' Outer Tactical Vest (OTV). Point Blank is currently the major supplier of outer tactical vests to the United States Armed Forces. This brings the total new DOD contracts and purchase orders announced by DHB Industries over the past four months to $142 million. In November 2003, the Company announced that Point Blank had received a $60 million purchase order from the Department of Defense for Interceptor, which at the time was believed to be the largest single order for body armor ever issued by the U.S. Department of Defense.

Commenting on the announcement, Sandra Hatfield, Chief Operating Officer of DHB Industries, said, 'This contract award demonstrates the U.S. Department of Defense's continued confidence in Point Blank's ability to deliver life-saving body armor systems to the armed forces of the United States. We will continue to provide exceptional products that exceed the requirements and expectations of the United States Military while also providing unmatched service and support.'

DHB Armor Group is expanding its operations by opening a third facility in South Florida to increase capacity and improve efficiency. The new 104,000 square foot manufacturing plant is scheduled to open in April 2004.

About DHB Industries, Inc.

DHB Industries Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor, Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the U.S. and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol.

DHB Sports Group produces and markets a comprehensive line of athletic supports and braces, which are merchandised through national superstore chains including Wal-Mart, Target and Meijer, as well as private label distributors such as Amerisource Bergen and Cardinal Health.

DHB maintains facilities in Westbury, NY, Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN, and Arlington, VA. To learn more about DHB Industries Inc., visit the website at http://www.dhbindustries.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

Contact Information:
For Investors:
Robert B. Prag, President
The Del Mar Consulting Group, Inc.
858/794-9500
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Company Contact:
Dawn M. Schlegel, CFO
DHB Industries Inc.
516/997-1155
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SOURCE DHB Industries Inc.

Investors, Robert B. Prag, President, The Del Mar Consulting Group, Inc., +1-858-794-9500, This email address is being protected from spambots. You need JavaScript enabled to view it., for DHB Industries Inc.; or Dawn M. Schlegel, CFO, DHB Industries Inc., +1-516-997-1155, This email address is being protected from spambots. You need JavaScript enabled to view it.

http://www.dhbt.com


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