Force Protection (FRPT) Receives 2 Firm Fixed Price Modification Awards, Not Preferred Bidder in REDFIN and Land 121 Projects
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Force Protection Industries, Inc., a FORCE PROTECTION, INC. (NASDAQ: FRPT) group company, today announced it has received two firm fixed price modification awards under contract M67854-07-D-5031 for the extension of field service representatives (FSR) in Afghanistan and Kuwait from U.S. Marine Corps Systems Command, totaling approximately $150.3 million.
On December 12, 2011, Force Protection received an $88,860,348 firm fixed price modification under previously awarded contract (M67854-07-D-5031) for a 12-month renewal of 240 field service representatives to install liner blanket kits, install modernization safety kits, and conduct general maintenance work on the Cougar Mine Resistant Ambush Protected (MRAP) vehicle fleet supporting Operation Enduring Freedom. Work will be performed in the theater of operations throughout Afghanistan, and is expected to be completed December 31, 2012.
On December 14, 2011, Force Protection received a $61,569,512 firm-fixed-price modification under previously awarded contract (M67854-07-D-5031) for a 12-month renewal of 177 field service representatives to install independent suspension systems; conduct battle damage assessment and repair; install block modification kits; and perform maintenance to bring vehicles back to full mission capable status on the Cougar MRAP vehicle fleet. The modification also provides for FSR sponsorship, lodging, vehicle, bus, and heavy equipment rentals. All work will be performed at the MRAP sustainment facility in Kuwait, and is expected to be completed December 31, 2012.
Separately, Force Protection Europe Ltd., a subsidiary of Force Protection Industries, Inc. has received notices from the Australian Government that it has not been selected to continue as the preferred bidder on either of the REDFIN or Land 121 projects, ending Force Protection's participation in those competitions. Australia's REDFIN project is a program designed to provide up to 76 vehicles for the Australian Special Forces. Australia's Land 121 (MSA option) project is a program designed to provide approximately 1,300 vehicles and trailers, as well as related long-term support, for Australia's core fleet of military assets.
On December 12, 2011, Force Protection received an $88,860,348 firm fixed price modification under previously awarded contract (M67854-07-D-5031) for a 12-month renewal of 240 field service representatives to install liner blanket kits, install modernization safety kits, and conduct general maintenance work on the Cougar Mine Resistant Ambush Protected (MRAP) vehicle fleet supporting Operation Enduring Freedom. Work will be performed in the theater of operations throughout Afghanistan, and is expected to be completed December 31, 2012.
On December 14, 2011, Force Protection received a $61,569,512 firm-fixed-price modification under previously awarded contract (M67854-07-D-5031) for a 12-month renewal of 177 field service representatives to install independent suspension systems; conduct battle damage assessment and repair; install block modification kits; and perform maintenance to bring vehicles back to full mission capable status on the Cougar MRAP vehicle fleet. The modification also provides for FSR sponsorship, lodging, vehicle, bus, and heavy equipment rentals. All work will be performed at the MRAP sustainment facility in Kuwait, and is expected to be completed December 31, 2012.
Separately, Force Protection Europe Ltd., a subsidiary of Force Protection Industries, Inc. has received notices from the Australian Government that it has not been selected to continue as the preferred bidder on either of the REDFIN or Land 121 projects, ending Force Protection's participation in those competitions. Australia's REDFIN project is a program designed to provide up to 76 vehicles for the Australian Special Forces. Australia's Land 121 (MSA option) project is a program designed to provide approximately 1,300 vehicles and trailers, as well as related long-term support, for Australia's core fleet of military assets.
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