Force Protection (FRPT) Wins Multiple Buffalo Vehicle Orders
Force Protection, Inc. (NASDAQ: FRPT) today announced that it has received an additional order from the United States Army under contract W56HZV-08-C-0028 for the delivery of 16 of its Buffalo A2 route-clearance vehicles. The undefinitized contract modification carries a dollar value not to exceed $15.5 million and fulfills a portion of the requirement for the Ground Standoff Mine Detection System or GSTAMIDS program of record. The vehicles are to be delivered no later than the end of June 2009.
In addition, Force Protection today announced that it has received a modification to contract M67854-06-C-5162 from Marine Corps Systems Command for a Foreign Military Sales order of 14 Buffalo vehicles to be delivered to the United Kingdom Ministry of Defence. The undefinitized contract modification carries a dollar value not to exceed $18.6 million. This modification represents the first orders for the Buffalo vehicle for the United Kingdom. Work under the modification including vehicle deliveries and sustainment is to be completed by October 2009.
Force Protection, Inc., together with its subsidiaries, engages in the manufacture of ballistic and blast protected vehicles primarily used to support armed forces and security personnel in harm's way.
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