Allied Defense Group / ADG

About Allied Defense Group

8000 Towers Crescent Dr., Suite 260, Vienna, Va. 22182
www.allieddefensegroup.com | 703-847-5268 | Founded: 1961

Industry: Aerospace And Defense | Category: Public Companies

In the past two years, the company dumped units not focused on its core ammunition business and came up with a plan to get rid of the remaining one. That followed restatements and liquidity problems. Its Belgian Mecar unit makes and sells ammunition for military use, while its Mecar USA buys and resells ammunition for the U.S. and foreign governments. It gets more than half of its revenue from a Middle Eastern government.

Chairman: J.H. Binford Peay III

2008 Financial Data

Revenues: $144,424,000 | Net Income: $-10,442,000
Asssets: $103,699,000 | Earnings Per Share: $-1.29
Stockholder Equity: $34,451,000 | Annual Dividend: $0.00
Total employees: 408 | Local employees: 8