Ladson, SC – Force Protection, Inc. today announced that it has received an order for an additional 174 Cougar Mastiff vehicles, vehicle spare parts, and field support for the UK Ministry of Defense.

Under the contract, valued at approximately $115 million, vehicle production will be performed exclusively by Force Protection at its Ladson, SC facility and is scheduled for completion by December 2008, with spare parts and field support coverage continuing through mid 2009.

Force Protection Chairman and Interim CEO Michael Moody, commented, “We are proud of and grateful for our strong relationship with the UK Ministry of Defense. A successful sales effort to foreign military customers is an important part of our long-term strategy to fully leverage our position as the innovator and leading supplier of tactical wheeled vehicles and blast and ballistic survivability solutions, while ensuring a solid return on our investments in manufacturing capability. We believe that this order reflects a wide and growing recognition of the high level of quality and capabilities inherent in our vehicle designs, which offer the best available protection for soldiers in the field.”

The Company noted that its successful program of capacity expansion and operational capability improvement enables it to now serve both the continuing needs of the U.S. military for these vehicles as well as to provide these much-needed products to foreign military customers.

Force Protection
28.02.2008