Force Protection Selects Manufacturing Base for Ocelot in Australia
October 20, 2010
LADSON, SC – October 20, 2010 – Force Protection Australasia, a Force Protection, Inc. (NASDAQ:FRPT) group company, today announced it had reached agreement with the South Australian Government to manufacture and support its Ocelot vehicle in Adelaide, if it is successful in securing the contract to manufacture up to 1,300 next-generation protected mobility vehicles under the ‘Land 121 Phase 4’ program.
Chief Executive Officer, Michael Moody, said that following discussions with the State Government and potential suppliers, South Australia offered the most suitable manufacturing base for the Ocelot.
“Since we first met with the Government and potential suppliers in 2009, it has become clear that South Australia can provide the essential ingredients we need to successfully manufacture and support the Ocelot,” Mr. Moody said. “This view was confirmed during my recent discussions with Premier Mike Rann.
“The South Australian Government has been very supportive and highly professional in its discussions with us. South Australia’s reputation as Australia’s ‘Defence State’ is well-founded. I certainly believe that with our Ocelot, the strength and capability of Force Protection and our collaboration with South Australia, we will have a compelling offering for the Commonwealth of Australia.”
Force Protection has identified a site within the Edinburgh Parks precinct, in Adelaide’s northern suburbs, as a suitable location for its proposed vehicle manufacturing base.
He said today’s announcement strengthened Force Protection’s commitment to operating in Australia, and looked forward to making further announcements about the company’s plans.
This is a significant step forward in the potential development of the Ocelot in Australia.
It also follows an announcement last month that the UK’s Ministry of Defence (MoD) had selected Force Protection Europe as preferred bidder to supply its Ocelot for the MoD’s urgent operational requirement for the Light Protected Patrol Vehicle program (LPPV).
Mr. Moody concluded, “The Ocelot now has a first class endorsement from the United Kingdom and is ideally suited to the Australian requirement.”
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. Force Protection’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). Complementing these efforts, Force Protection is designing, developing and marketing new vehicle platforms (including the Ocelot and JAMMA) that provide increased modularity, speed, mobility and concealment with enhanced levels of blast- and ballistic-protection. Force Protection also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, Force Protection 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.
