U.S. Army Awards Force Protection $22 Million Contract For Additional Buffalo Vehicles
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LADSON, S.C. (Business Wire) -- Force Protection, Inc. (NASDAQ:FRPT) today announced that it has received a contract from the U.S. Army's Tank Automotive and Armaments Command (TACOM) for the production of an additional 29 Buffalo mine-protected vehicles. The approximate total value of the contract is $22.3 million.
Force Protection has delivered more than 140 Buffalo vehicles to date in support of route clearance missions in Iraq and Afghanistan.
"We are gratified to note the critical role the Buffalo continues to fill for our armed forces," said Force Protection President Michael Moody. "Since 2003, this vehicle has been used by route clearance teams to make thousands of miles of road safer for our troops. We are extremely pleased to know that the Buffalo will continue to support the warfighter in this important mission."
Force Protection and its partners have delivered more than 1,000 total vehicles to support the global war on terror in the past four years.
About Force Protection Inc.
Force Protection, Inc., answering the call to duty to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most, in the battlefield, manufactures ballistic- and mine-protected vehicles. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs).
Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect,"
"anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.
Force Protection, Inc.
Media Contact:
Tommy Pruitt, 843-574-3866 |
