Military Body Armor Supplier Files for Bankruptcy

Point Blank Solutions Inc.,  who claims to be the leading manufacturer of body armor,  filed for bankruptcy protection on April 14, 2010.   Citing Court filings, Reuters reports that the Florida-based (Pompano Beach) company “supplies more than 80 percent of the U.S. military’s soft body armor vest requirements . . .”  

Claiming mounting legal bills in the trial of former CEO David Brooks – currently on trial in New York for securities fraud and other related crimes – Point Blank Inc. and three affiliates ...

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