Force Protection Receives $22.48 Million in Awards to Extend Field Service Representatives
June 22, 2011
LADSON, SC – June 20, 2011 – Force Protection Industries, Inc., a FORCE PROTECTION, INC. (NASDAQ: FRPT) groupcompany, today announced it has received two firm fixed pricemodification awards under contract M67854-07-D-5031 totalingapproximately $22.48 million from U.S. Marine Corps Systems Command for the extension of field service representatives in Afghanistan.
On June 14, 2011 Force Protection received a $14,430,546 firm-fixed-price modification under previously awardedfirm-fixed-price, indefinite-delivery/indefinite-quantity contract(M67854-07-D-5031) for a six-month renewal of 87 field servicerepresentatives and their life support to install spall liner blanketkits, independent suspension kits, modernization safety kits and conductgeneral maintenance on the Cougar Mine Resistant Ambush Protectedvehicle fleet supporting Operation Enduring Freedom.
On June 15, 2011 Force Protection received an $8,089,860 firm-fixed-price modification under previously awarded contract(M67854-07-D-5031) for a six-month renewal of 43 field servicerepresentatives to support operations at Vehicle SupportFacility-Afghanistan.
Work on both modifications will be performed in Afghanistan, and is expected to be completed by Dec. 31, 2011.
Randy Hutcherson, Chief Operating Officerof Force Protection, said, The important sustainment, upgrade andmodernization work continues for the Cougar vehicles in Afghanistan. We are pleased to continue to provide this critical service to our Marine Corps customer to support the ongoing operations in Afghanistan.
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer andmanufacturer of survivability solutions, including blast- andballistic-protected wheeled vehicles currently deployed by the U.S.military and its allies to support armed forces and security personnelin conflict zones. The Company’s specialty vehicles, including theBuffalo, Cougar, Ocelot and related variants, are designed specificallyfor reconnaissance and urban operations and to protect their occupantsfrom landmines, hostile fire, and improvised explosive devices (commonlyreferred to as roadside bombs). Complementing these efforts, theCompany is designing, developing and marketing the JAMMA, a new vehicleplatform that provides increased modularity, transportability, speed andmobility. The Company also develops, manufactures, tests, delivers andsupports products and services aimed at further enhancing thesurvivability of users against additional threats. In addition, theCompany provides long-term life cycle support services of its vehiclesthat involve development of technical data packages, supply of spares,field and depot maintenance activities, assignment of skilled fieldservice representatives, and advanced driver and maintenance trainingprograms. For more information on Force Protection and its products andservices, visit www.forceprotection.net.
