Articles >>

Force Protection Receives $106.9 Million Award for 1,000 Independent Suspension System Kits

Category: Contracts

LADSON, S.C. -- Force Protection Industries, Inc., a FORCE PROTECTION INC. group company, today announced that it has received a firm fixed price modification to existing contract M67854-07-C-5031 from U.S. Marine Corps Systems Command with a total value of approximately $106.9 million for the purchase of 1,000 independent suspension system (“ISS”) kits.

The award consists of 650 ISS kits for Cougar Category I vehicles and 350 ISS kits for Cougar Category II vehicles. Delivery of the kits is expected to begin in the Company’s 2011 third quarter and be completed by December 31, 2011.

Randy Hutcherson, Chief Operating Officer for Force Protection Industries, Inc., said, “The Cougar with independent suspension continues to perform exceptionally well in Afghanistan, and this award is another clear indicator of how vital the Cougar is to the troops in theater. The delivery of these kits and subsequent installation will help ensure that our Cougar vehicles continue to perform critical missions in extremely rugged areas.”

The combination of today’s announcement, other awards previously secured in 2011, and the portion of funded backlog at December 31, 2010 that is anticipated for delivery this year, results in solid visibility for the Company’s previously disclosed outlook for 2011. As such, the Company reiterates its expectation of year-over-year growth in total revenue and earnings, with the majority of its 2011 full year financial results anticipated to be recorded in the second half of the year. Similar to 2010, the Company continues to expect its fourth quarter will be the most financially significant of 2011.

Force Protection
03.05.2011

Share...
Printable Version Send by email rss favorite Facebook Vkontakte Twitter Google+

Rheinmetall MAN Survivor R special protected vehicle on show at GPEC 2020 international security exhibition in Frankfurt/Main
24.02.2020

General Dynamics Land Systems–UK showcases adaptable Foxhound vehicle at DSEI 2019
23.09.2019

The Dutch armed forces select Rheinmetall to modernize their Bergepanzer 3 Büffel
17.05.2019

BAE Systems awarded Armored Multi-Purpose Vehicle contract modifications by U.S. Army for Low-Rate Initial Production
24.02.2019

Force Protection, Inc.

Cougar (Wheeled armoured personnel carrier)

COUGAR (Armoured car)

Cougar H 4x4 (Mine protected carrier)

Cougar MRAP (Mine protected carrier)

Mastiff PPV (Mine protected carrier)

Cougar (Wheeled armoured personnel carrier)

Discuss


At present you cannot leave messages. To be able to do this, you should enter by using your name. If you are not registetred, do it now. The registration procedure will take just one minute.
Register