RNHDA Reinhold Industries CL A (MM)

Reinhold Industries, Inc. Receives New Orders Worth $37 Million SANTA FE SPRINGS, Calif., Dec. 27 /PRNewswire-FirstCall/ -- Reinhold Industries, Inc. (NASDAQ:RNHDA) of Santa Fe Springs, California, announced today that the Company had received new orders totaling approximately $37 million during the last month. A $15 million contract was awarded by ATK Thiokol Propulsion Company, Promontory, Utah, for components related to the Air Force's Minuteman III Propulsion Replacement Program ("PRP"). ATK Thiokol Propulsion Company is an operating company of Alliant Techsystems. The PRP replaces the stage 1, 2 and 3 solid rocket motors in the Minuteman III force with new remanufactured motors to maintain the alert readiness status of the force through 2020. ATK Thiokol is remanufacturing the motors and replacing propellant and obsolete or unsafe materials and components in the Minuteman III force. NP Aerospace Ltd., the Company's wholly-owned subsidiary located in Coventry, England, was awarded a 6 million pounds Sterling (approximately $11.5 million at today's exchange rate) contract by the British Ministry of Defence for the refurbishment and retrofit of a fleet of light armored vehicles for the British Army. The project includes the replacement of the vehicle chassis and powertrain. NP Aerospace Jordan, a 51% owned subsidiary of NP Aerospace Ltd., was awarded a 5.5 million pounds Sterling (approximately $10.5 million at today's exchange rate) contract by the Jordanian Armed Forces for 50,000 ballistic helmets. The helmets will be manufactured over the next two years in both England and in NP Aerospace Jordan's new facility in Jordan. "We are very excited about the opportunity to participate in these programs," said Michael T. Furry, President and CEO of Reinhold. "The Minuteman PRP is in its fourth year of full rate production. We expect that this program will continue through 2008. In England, we are replacing the chassis and powertrains on vehicles which were originally built by NP Aerospace's predecessor in the early 1990's. Our new joint venture, NP Aerospace Jordan, gives us a marketing presence for our full range of ballistic products and a low cost manufacturing base in the Middle East. We expect that manufacturing of ballistic helmets will begin in the fourth quarter of 2005." Reinhold Industries, Inc. is a manufacturer of advanced custom composite components and sheet molding compounds for a variety of applications in the United States and Europe. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS To the extent the Company makes certain "forward-looking statements" in this press release, such as statements about future plans, goals and other events which have not yet occurred, such statements are intended to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified because they include words such as the Company "believes," "anticipates," "expects" or words of similar import. These forward-looking statements involve risks and uncertainties and the actual results could differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, without limitation, risks associated with levels of U.S. and foreign military spending, currency fluctuations and the financial condition of the airline industry. You should consider these risks and factors and the impact they may have when you evaluate these forward-looking statements. These statements are based only on the Company's knowledge and expectations on the date of this press release. The Company disclaims any duty to update these statements or other information in this press release based on future events or circumstances. DATASOURCE: Reinhold Industries, Inc. CONTACT: Judy Sanson of Reinhold Industries, Inc., +1-562-944-3281

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