SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : FRPT - Force Protection, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: tlab who wrote (391)8/21/2007 7:25:36 PM
From: Daddy  Read Replies (1) | Respond to of 447
 
That may be. Did they close the deal on August 17th?
I just read somewhere that there was an industry merger/buyout that was going to close on the 17th. It was something to the affect that it might be worth three times the current price. Just wishful thinking I guess. Although, my bigger hope/preference (wishful thinking again) would be that FRPT not get bought out and become a "premier" defense contractor.



To: tlab who wrote (391)9/27/2007 6:17:20 PM
From: Tadsamillionaire  Respond to of 447
 
Spartan Chassis Announces $52 Million Subcontract for MRAPs
Thursday September 27, 7:50 am ET

CHARLOTTE, Mich., Sept. 27 /PRNewswire-FirstCall/ -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR - News), today announced it has received a new $52 million subcontract order from Force Protection, Inc. to support the production of Cougar series advanced tactical wheeled vehicles.

biz.yahoo.com

Spartan said it will supply and integrate key chassis components for the vehicles, slated for use by the U.S. military, by March 2008. This new order brings the Mich.-based custom chassis manufacturer's total 2007 MRAP subcontract awards to approximately $317 million, more than triple its military subcontract orders in all of 2006.

"This award validates Spartan's ongoing ability to meet the critical demands of both our OEM partners and the U.S. military," said Richard Schalter, president of Spartan Chassis. "Spartan is once again primed to leverage our specialty chassis expertise, along with our increased production capacity, to assist Force Protection in providing high-survivability vehicles to our troops."

MRAP vehicles are prized by the military for their V-shaped hulls, raised chassis and improved armor, which help protect servicemen and women from improvised explosive devices, or IEDs, mines and other hazards of war.

About Spartan Chassis, Inc.: