More Cougar Mastiffs on the Way to UK Forces from Force Protection
20 November 2008 - 12:45AM
Business Wire
Force Protection, Inc. (NASDAQ: FRPT) today announced that it has
received a modification under contract M67854-06-C-5162 from Marine
Corps Systems Command for the delivery of 24 additional Cougar
Mastiffs to the United Kingdom Ministry of Defence. The
undefinitized contract modification carries a dollar value not to
exceed $15 million and includes vehicles and spare parts. The
vehicles are scheduled for delivery in 2009. Michael Moody,
Chairman and Chief Executive Officer of Force Protection, said, �We
are very appreciative of this order for additional vehicles for the
United Kingdom. The Mastiff has performed extraordinarily well for
the British Army in support of its missions in the extremely rugged
environment of Afghanistan. Our vehicles continue to be the most
survivable, sustainable vehicles on the battlefield and we are
delighted that we have the opportunity to continue to strengthen
our partnership with the United Kingdom Ministry of Defence. The
Mastiff has proven to be a life saver. Soon the Ridgback and
Buffalo will join Mastiff in Afghanistan to provide excellent
service to British Soldiers in harms way.� About Force Protection,
Inc. Force Protection, Inc. is a leading American designer,
developer and manufacturer of survivability solutions,
predominantly ballistic- and blast-protected wheeled vehicles
currently deployed by the U.S. military and its allies to support
armed forces and security personnel in conflict zones. The
Company�s specialty vehicles, the Cougar, the Buffalo and the
Cheetah, are designed specifically for reconnaissance, forward
command and control, and urban operations and to protect their
occupants from landmines, hostile fire, and improvised explosive
devices (IEDs, commonly referred to as roadside bombs). The Company
also is the developer and manufacturer of ForceArmor� an armor
package providing superior protection against explosively formed
projectiles (EFPs) now available for a wide range of
tactical-wheeled vehicles. The Company is one of the original
developers and primary providers of vehicles for the U.S.
military�s Mine Resistant Ambush Protected, or MRAP, vehicle
program. For more information on Force Protection and its vehicles,
visit www.forceprotection.net. Safe Harbor Language This press
release contains forward looking statements that are not historical
facts, including statements about our beliefs and expectations are
forward-looking statements. These statements are based on beliefs
and assumptions by Force Protection�s management, and on
information currently available to management. Forward-looking
statements speak only as of the date they are made, and we
undertake no obligation to update any of them publicly in light of
new information or future events. A number of important factors
could cause actual result to differ materially from those contained
in any forward-looking statements. Examples of these factors
include, but are not limited to, our ability to fulfill the above
described order on a timely basis, our ability to effectively
manage the risks in our business; the reaction of the marketplace
to the foregoing; and other risk factors and cautionary statements
listed in the Company�s periodic reports filed with the Securities
and Exchange Commission, including the risks set forth in the
Company�s 2007 Annual Report on Form 10-K for the year ended
December 31, 2007.
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