By Joseph Mallia
June 30, 2011 11:59 AM
A Hicksville manufacturer of defense and law enforcement equipment, American Defense Systems Inc., said Thursday it is moving to North Carolina as a cost-cutting tactic aimed at saving $1.5 million a year with lower overhead along with cuts to staff and salaries.
“We have been proud to be one of the few remaining government defense contractors based on Long Island, however, it makes prudent financial sense for us to relocate our business to a significantly lower cost center in North Carolina,” Anthony Piscitelli, the chief executive, said in a news release.
“Our lower cost basis, particularly regarding logistics, will allow us to be that much more competitive in our bid processes and should translate to more contract wins.”
The company, listed on the New York Stock Exchange under the symbol EAG, said its operations in Hicksville will cease as of Tuesday and it will reopen in Lillington, N.C., south of Raleigh.
ADSI’s product line includes “advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers.”
The company did not say how many jobs it has now, or how many it will eliminate.
Earlier this year ADSI was in the news when it said it entered a voluntary federal government program to certify that all its employees are authorized to work in the United States.