Force Protection Receives $24 Million Award for 30 Cougar Vehicles
May 4, 2010
LADSON, SC – May 4, 2010 – Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced it has received contract M67854-10-C-5133 from United States Marine Corps Systems Command (MARCORSYSCOM) for approximately $24 million for 30 Cougar Category I Mine Resistant Ambush Protected (MRAP) vehicles including Field Service support. The contract is a Foreign Military Sale (FMS) for coalition forces in support of U.S. forces and is subject to definitization. The work will be performed in Ladson, SC and is expected to be completed prior to April 29, 2011.
Randy Hutcherson, Chief Operating Officer for Force Protection, commented, “We are pleased to receive this new order for these 30 Cougar vehicles. The battle proven Cougar has been the workhorse not only for the U.S. Marine Corps but allied forces around the globe such as the United Kingdom and Canada. We stand ready to deliver and support these vehicles wherever they are deployed around the world.”
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-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, including the Buffalo, Cougar and related variants, are designed specifically for reconnaissance 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 develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of highly-skilled field service representatives, and advanced on and off-road driver and maintenance training programs. For more information on Force Protection and its products and services, visit www.forceprotection.net.
