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Inst. Ownership now 71% according to CNBC!
http://www.cnbc.com/id/15837275?q=frpt
Was 69% just yesterday.
Institutional Ownership now 69%, highest ever for FRPT.
http://www.cnbc.com/id/15837275?q=frpt
Goldman now the largest inst. holder...
My guess is, the biggest institutions will be looking to sell this company off in early '08.
Hang on for the ride.
Cheetah order imminent? From IV:
Msg: 102244 of 102286 8/9/2007 11:30:47 PM Recs: 29 Sentiment: Not Disclosed
By: bud33 Send PM Profile Ignore Recommend Add To Favorites
listen up folks... Sept 17 is very important and here is why ( I told Sundown in a pm)
Ok ;;; Incase you did not notice the contract awards were given out in the order of the finish in the last test. FRPT got their's first and GD who really didn't even pass got their's last. It has everything to do with who passes the test first. We will pass the test first again and will get the first award, but here is what the shorts know and is so important.. The test for the Cheetah requires 17 vehicles as part of the test and we are the only company that even has 17, they will pass as we have already tested them. They will not test them all but they all have to be there within 2 weeks of the first pass. The Cheetah order will come quick after the test and the shorts know this and we will get the first order as we will pass first. All the big players know this .
Great pickup on FRPT.. going to $20 quick.
Dead money until Sept. - that's when the Cheetah orders hit. Unless earnings are stellar in 2 weeks, then we'll sit around $15.
We have a perfect BULL storm here.
1. PIPE registration allows shorts 'tutes to cover and run this stock into the $20's and then dump their shaes.
2. OSK is out of MRAP I. CRDN is partnering with a company that makes inferior products (remember, CRDN only makes the armor, not the vehicle. The Bull is a type of armor... it's like putting expensive perfume on a pig.)
3. PVI has lost its partner for MRAP I (OSK), and still can't deliver 60 vehicles.
4. TXT and LMT will be looking for partners now for MRAP II now that BAE has AH and L3/CRDN are with OSK.
5. T/A - we are oversold, bounced off the 200 dma and call options are being bought across the board (bullish indicator).
6. This poster, n16m15, seems to be here earlier and more often... seems very concerned at this point about the rising PPS.
7. The loan for FRPT must mean they plant to ramp up even more quickly, expecting large orders for MRAP or MRAP II.
8. With the market tanking on consumer/lending news, safer plays like Defense stocks will be in play.
Now is the time to buy, and/or average down.
Oshkosh Out of MRAP I
July 27 (Bloomberg) -- Oshkosh Truck Corp.'s design for a
truck to transport U.S. troops was rejected by the Pentagon after
testing raised too many questions about its ability to carry
additional armor and withstand a bomb attack, according to a
government letter to the company.
The Marine Corps in a letter to Oshkosh Truck official Moss
Ruedinger June 29 said the design met ``minimum requirements'' to
protect crew and troops, yet explosives testing of select areas
``caused concern regarding overall vehicle survivability.''
Unspecified ``automotive'' and ``human factors'' also ``preclude
safe vehicle operation,'' the letter said.
The Pentagon is beginning to award production contracts for
at least 8,000 Mine-Resistant, Ambush-Protected vehicles, or
MRAPs, in what is now a $12 billion program.
Roadside bombs are the leading killer of U.S. troops in
Iraq, and Defense Secretary Robert Gates has deemed the purchase
and fielding of MRAPs the military's top acquisition priority
because of their potential to reduce casualties in Iraq.
John Young, the Pentagon's top MRAP program official, told a
congressional committee July 19 he has ``a blank check'' to buy
as many vehicles as fast as possible. Congress has approved $5.4
billion for this fiscal year, including permission to shift $1.2
billion previously approved for other programs to MRAP purchases.
The money will increase production of MRAPs by 63 percent to
a total of 3,900 by Dec. 31 from the 2,400 planned.
V-Shaped Hull
The trucks have a raised chassis and V-shaped hull that
makes them four times safer than traditional flat-bottomed
trucks, according to the U.S. Marine Corps, which is heading
purchases for all branches of the military.
Oshkosh Truck, based in Oshkosh, Wisconsin, to date has
received a $30.2 million contract to produce up to 100 MRAP
vehicles, including four test vehicles. ``This letter is to
inform you of the government's intent not to order any additional
items under this contract,'' the Marine Corps letter said.
Oshkosh spokesman Joaquin Salas declined repeated requests
for comment on the letter. He also declined to comment on whether
the company plans to submit a design for the second round of MRAP
competition the Marines announced July 2 or whether it plans to
team as a subcontractor with one of the successful designers.
Marine Corps Systems Command spokeswoman First Lieutenant
Geraldine Carey had no comment on the letter.
Safety Concerns
The Command in its letter said the design deficiencies and
safety concerns detected in initial testing after February were
``borne out'' by a limited troop evaluation.
The government ``is convinced that remediation of this issue
would require significant redesign. The result would be an
unacceptable delay to future production orders,'' the letter
said.
Compounding survivability and design concerns, the Pentagon
said Oshkosh's design had ``insufficient'' potential to carry new
protection intended to blunt roadside bombs that use an explosive
charge supplied to Iraqi insurgents by Iran and can punch through
the toughest armor.
``This severely limits the government's options to expand
the vehicle's survivability characteristics,'' the letter said.
The Marine Corps Systems Command encouraged Oshkosh Truck to
partner with companies that have won a production contract.
Truck-building contracts worth over $200 million have been
awarded to Ladson, South Carolina-based Force Protection Inc.;
London-based BAE Systems Plc; Navistar International Corp.'s
International Military and Government unit in Warrenville,
Illinois; Armor Holdings Inc. in Jacksonville, Florida.
--Editor: Forsythe (wfs)
To contact the reporter on this story:
Tony Capaccio at +1-202-624-1911
I guess you sold FRPT huh Hogs.. buy back in at $30!
FRPT's Cheetah to replace the Hummvee!
Test Drive BoostsU.S. Marines’ Interest In Cheetah Vehicle
By KRIS OSBORN
http://www.defensenews.com/story.php?F=2879605&C=mideast
The U.S. Marine Corps may buy hundreds of Force Protection’s Cheetah, an 8-ton Humvee-type, four-wheel-drive vehicle with lightweight armor composites and blast-deflecting technology.
The Corps’ interest in the V-hulled, raised-chassis vehicle intensified after U.S. Marine Corps Commandant Gen. James Conway test-drove a prototype Cheetah at Force Protection’s plant in Ladson, S.C., June 9.
The Cheetah would function as a smaller, more mobile version of the 16-ton Mine Resistant Ambush Protected (MRAP) vehicles the U.S. military is beginning to buy.
“I’m excited about the latest addition to Force Protection’s family of MRAP Vehicles, the Cheetah,” Conway told the Marine Corps News, an internal publication of the Marine Corps, after the visit.
“If it proves itself through further testing, the Cheetah will offer the same survivability rates as its predecessors, but it’s also designed to be relevant beyond Iraq. The Cheetah will be easier to rapidly deploy, as it will be much more compatible with air and sea transport than larger MRAP vehicles currently in production,” he said.
Overseas Interest
The Marines aren’t the only ones interested in the Cheetah; company officials said Britain, Italy and Turkey are also eyeing the vehicle. In response, Force Protection plans to build a factory in the coming months and is now weighing bids by two states.
“We are establishing a new production facility, where we will produce 70 to 90 vehicles in the fourth quarter this year, and be producing at a rate of 2,000 a year by 2008,” said Mike Aldrich, Force Protection vice president.
Conway went to the factory, which has built roughly 600 Cougar and Buffalo armored vehicles now in service in Iraq and Afghanistan, to see how the vehicles are made and to thank workers for building them. He was so impressed with the Cheetah that he started calling his program officials.
Commandant Impressed
“The commandant’s office called and said he has directed a lot of people to get serious about the Cheetah in a hurry,” said a senior Marine Corps official with the MRAP program office.
The Cheetah vehicle is built for reconnaissance missions and faster-moving tactical, urban operations. At its top speed of 85 miles per hour, it also gets twice the gas mileage of a Cougar, another Force Protection vehicle.
“It will be much more adaptable to maneuvering in tight areas such as urban environments and it does well off-road. The Cheetah has half the weight of the Cougar with equal protection,” said Aldrich.
The Cheetah’s armor, which is intended to protect against up to 30 pounds of TNT, is designed, as is the Cougar, to accommodate add-on armor as newer composites emerge, said Aldrich. A prototype Cheetah has been blast-tested at Force Protection’s test site in Edgefield, S.C., with 15 pounds of TNT within 25 feet, and other charges directly underneath the chassis.
“We set off a blast similar to an IED [improvised explosive device] under a minivan or pickup truck to show in a basic way what this kind of blast does to a regular civilian vehicle, then saw the Cheetah withstand the explosion,” said company spokesman Jeffrey Child.
As an expeditionary force, the Marine Corps needs mobile, quick-to-deploy vehicles.
“We are excited about the compatibility it has for rapid deployment,” said Marine Corps Lt. Col. Thomas Johnson, spokesman for Conway.
E-mail: kosborn@defensenews.com.
FRPT's Cheetah vehicle to replace the Hummer!
Test Drive BoostsU.S. Marines’ Interest In Cheetah Vehicle
By KRIS OSBORN
http://www.defensenews.com/story.php?F=2879605&C=mideast
The U.S. Marine Corps may buy hundreds of Force Protection’s Cheetah, an 8-ton Humvee-type, four-wheel-drive vehicle with lightweight armor composites and blast-deflecting technology.
The Corps’ interest in the V-hulled, raised-chassis vehicle intensified after U.S. Marine Corps Commandant Gen. James Conway test-drove a prototype Cheetah at Force Protection’s plant in Ladson, S.C., June 9.
The Cheetah would function as a smaller, more mobile version of the 16-ton Mine Resistant Ambush Protected (MRAP) vehicles the U.S. military is beginning to buy.
“I’m excited about the latest addition to Force Protection’s family of MRAP Vehicles, the Cheetah,” Conway told the Marine Corps News, an internal publication of the Marine Corps, after the visit.
“If it proves itself through further testing, the Cheetah will offer the same survivability rates as its predecessors, but it’s also designed to be relevant beyond Iraq. The Cheetah will be easier to rapidly deploy, as it will be much more compatible with air and sea transport than larger MRAP vehicles currently in production,” he said.
Overseas Interest
The Marines aren’t the only ones interested in the Cheetah; company officials said Britain, Italy and Turkey are also eyeing the vehicle. In response, Force Protection plans to build a factory in the coming months and is now weighing bids by two states.
“We are establishing a new production facility, where we will produce 70 to 90 vehicles in the fourth quarter this year, and be producing at a rate of 2,000 a year by 2008,” said Mike Aldrich, Force Protection vice president.
Conway went to the factory, which has built roughly 600 Cougar and Buffalo armored vehicles now in service in Iraq and Afghanistan, to see how the vehicles are made and to thank workers for building them. He was so impressed with the Cheetah that he started calling his program officials.
Commandant Impressed
“The commandant’s office called and said he has directed a lot of people to get serious about the Cheetah in a hurry,” said a senior Marine Corps official with the MRAP program office.
The Cheetah vehicle is built for reconnaissance missions and faster-moving tactical, urban operations. At its top speed of 85 miles per hour, it also gets twice the gas mileage of a Cougar, another Force Protection vehicle.
“It will be much more adaptable to maneuvering in tight areas such as urban environments and it does well off-road. The Cheetah has half the weight of the Cougar with equal protection,” said Aldrich.
The Cheetah’s armor, which is intended to protect against up to 30 pounds of TNT, is designed, as is the Cougar, to accommodate add-on armor as newer composites emerge, said Aldrich. A prototype Cheetah has been blast-tested at Force Protection’s test site in Edgefield, S.C., with 15 pounds of TNT within 25 feet, and other charges directly underneath the chassis.
“We set off a blast similar to an IED [improvised explosive device] under a minivan or pickup truck to show in a basic way what this kind of blast does to a regular civilian vehicle, then saw the Cheetah withstand the explosion,” said company spokesman Jeffrey Child.
As an expeditionary force, the Marine Corps needs mobile, quick-to-deploy vehicles.
“We are excited about the compatibility it has for rapid deployment,” said Marine Corps Lt. Col. Thomas Johnson, spokesman for Conway.
E-mail: kosborn@defensenews.com.
FRPT's Cheetah to replace the Hummer!
Test Drive BoostsU.S. Marines’ Interest In Cheetah Vehicle
By KRIS OSBORN
http://www.defensenews.com/story.php?F=2879605&C=mideast
The U.S. Marine Corps may buy hundreds of Force Protection’s Cheetah, an 8-ton Humvee-type, four-wheel-drive vehicle with lightweight armor composites and blast-deflecting technology.
The Corps’ interest in the V-hulled, raised-chassis vehicle intensified after U.S. Marine Corps Commandant Gen. James Conway test-drove a prototype Cheetah at Force Protection’s plant in Ladson, S.C., June 9.
The Cheetah would function as a smaller, more mobile version of the 16-ton Mine Resistant Ambush Protected (MRAP) vehicles the U.S. military is beginning to buy.
“I’m excited about the latest addition to Force Protection’s family of MRAP Vehicles, the Cheetah,” Conway told the Marine Corps News, an internal publication of the Marine Corps, after the visit.
“If it proves itself through further testing, the Cheetah will offer the same survivability rates as its predecessors, but it’s also designed to be relevant beyond Iraq. The Cheetah will be easier to rapidly deploy, as it will be much more compatible with air and sea transport than larger MRAP vehicles currently in production,” he said.
Overseas Interest
The Marines aren’t the only ones interested in the Cheetah; company officials said Britain, Italy and Turkey are also eyeing the vehicle. In response, Force Protection plans to build a factory in the coming months and is now weighing bids by two states.
“We are establishing a new production facility, where we will produce 70 to 90 vehicles in the fourth quarter this year, and be producing at a rate of 2,000 a year by 2008,” said Mike Aldrich, Force Protection vice president.
Conway went to the factory, which has built roughly 600 Cougar and Buffalo armored vehicles now in service in Iraq and Afghanistan, to see how the vehicles are made and to thank workers for building them. He was so impressed with the Cheetah that he started calling his program officials.
Commandant Impressed
“The commandant’s office called and said he has directed a lot of people to get serious about the Cheetah in a hurry,” said a senior Marine Corps official with the MRAP program office.
The Cheetah vehicle is built for reconnaissance missions and faster-moving tactical, urban operations. At its top speed of 85 miles per hour, it also gets twice the gas mileage of a Cougar, another Force Protection vehicle.
“It will be much more adaptable to maneuvering in tight areas such as urban environments and it does well off-road. The Cheetah has half the weight of the Cougar with equal protection,” said Aldrich.
The Cheetah’s armor, which is intended to protect against up to 30 pounds of TNT, is designed, as is the Cougar, to accommodate add-on armor as newer composites emerge, said Aldrich. A prototype Cheetah has been blast-tested at Force Protection’s test site in Edgefield, S.C., with 15 pounds of TNT within 25 feet, and other charges directly underneath the chassis.
“We set off a blast similar to an IED [improvised explosive device] under a minivan or pickup truck to show in a basic way what this kind of blast does to a regular civilian vehicle, then saw the Cheetah withstand the explosion,” said company spokesman Jeffrey Child.
As an expeditionary force, the Marine Corps needs mobile, quick-to-deploy vehicles.
“We are excited about the compatibility it has for rapid deployment,” said Marine Corps Lt. Col. Thomas Johnson, spokesman for Conway.
E-mail: kosborn@defensenews.com.
CHEETAH!!!!!!!!!!!!!!!!!!!!!!!
Test Drive BoostsU.S. Marines’ Interest In Cheetah Vehicle
By KRIS OSBORN
http://www.defensenews.com/story.php?F=2879605&C=mideast
The U.S. Marine Corps may buy hundreds of Force Protection’s Cheetah, an 8-ton Humvee-type, four-wheel-drive vehicle with lightweight armor composites and blast-deflecting technology.
The Corps’ interest in the V-hulled, raised-chassis vehicle intensified after U.S. Marine Corps Commandant Gen. James Conway test-drove a prototype Cheetah at Force Protection’s plant in Ladson, S.C., June 9.
The Cheetah would function as a smaller, more mobile version of the 16-ton Mine Resistant Ambush Protected (MRAP) vehicles the U.S. military is beginning to buy.
“I’m excited about the latest addition to Force Protection’s family of MRAP Vehicles, the Cheetah,” Conway told the Marine Corps News, an internal publication of the Marine Corps, after the visit.
“If it proves itself through further testing, the Cheetah will offer the same survivability rates as its predecessors, but it’s also designed to be relevant beyond Iraq. The Cheetah will be easier to rapidly deploy, as it will be much more compatible with air and sea transport than larger MRAP vehicles currently in production,” he said.
Overseas Interest
The Marines aren’t the only ones interested in the Cheetah; company officials said Britain, Italy and Turkey are also eyeing the vehicle. In response, Force Protection plans to build a factory in the coming months and is now weighing bids by two states.
“We are establishing a new production facility, where we will produce 70 to 90 vehicles in the fourth quarter this year, and be producing at a rate of 2,000 a year by 2008,” said Mike Aldrich, Force Protection vice president.
Conway went to the factory, which has built roughly 600 Cougar and Buffalo armored vehicles now in service in Iraq and Afghanistan, to see how the vehicles are made and to thank workers for building them. He was so impressed with the Cheetah that he started calling his program officials.
Commandant Impressed
“The commandant’s office called and said he has directed a lot of people to get serious about the Cheetah in a hurry,” said a senior Marine Corps official with the MRAP program office.
The Cheetah vehicle is built for reconnaissance missions and faster-moving tactical, urban operations. At its top speed of 85 miles per hour, it also gets twice the gas mileage of a Cougar, another Force Protection vehicle.
“It will be much more adaptable to maneuvering in tight areas such as urban environments and it does well off-road. The Cheetah has half the weight of the Cougar with equal protection,” said Aldrich.
The Cheetah’s armor, which is intended to protect against up to 30 pounds of TNT, is designed, as is the Cougar, to accommodate add-on armor as newer composites emerge, said Aldrich. A prototype Cheetah has been blast-tested at Force Protection’s test site in Edgefield, S.C., with 15 pounds of TNT within 25 feet, and other charges directly underneath the chassis.
“We set off a blast similar to an IED [improvised explosive device] under a minivan or pickup truck to show in a basic way what this kind of blast does to a regular civilian vehicle, then saw the Cheetah withstand the explosion,” said company spokesman Jeffrey Child.
As an expeditionary force, the Marine Corps needs mobile, quick-to-deploy vehicles.
“We are excited about the compatibility it has for rapid deployment,” said Marine Corps Lt. Col. Thomas Johnson, spokesman for Conway.
E-mail: kosborn@defensenews.com.
Hey, I'm not bashing here.. someone 2 weeks ago posted this was a $30 stock... I just don't know how you get to $30 going down 6 - 25% daily, that's all.
Down 6% today again... still going to $30?
Hey Titan, nice board here... except your choice for Asst. Mod.
Yeah, and now there's this..we're fooked in the short term.
http://www.defensenews.com/story.php?F=2867931&C=asiapac
Down another 15%... still going to $30?
Down another 13%.. .still goign to $30? TIA.
Down another 16%... still going to $30?
A whole bunch of nothing... we're going to base in the $20's until the next round of MRAP orders or a Cheetah order. This is pretty much dead money until the Fall I think.
I'm not bashing, but you're telling me a .20 pink sheet stock is going to $30 huh...
If it goes to $30 (without becoming a shell first), then I'll will ban myself forever from Ihub.
$30+ stock huh..
Down another 20%.. is this still MM's picking up shares?? Hehe.
Down 19%.. is the pump over already?
Well, this is the move traders were waiting for.. looks like an easy run to .80.
I think the "crowd" has moved on to POWN.. this pig is done.
Yes, but without Frank, FRPT would still be Sonicjet and NO ONE would have made ANY money here... Capisce?
I was being sarcastic...
Market won't care about Frank leaving because Frank was making decisions for FRPT for awhile now...
HOWEVER, Frank was the man who built this company from the ground up.
Any idiot who says "Good riddance" does not deserve to make a dime off FRPT.
Yeah good riddance. If it weren't for Frank K. we'd still be trading at .69 after 2 reverse splits... dope.
Is this the new flavor of the month OTC? What are we expecting here?
Keep waiting! Hahahahaha!
Time to take a loss on this POS.
NAV got a 1,200 MRAP order.. that's why the PPS took a hit.
West Point facility plant gets $623M deal to assemble armored vehicles
The Associated Press
WEST POINT, Miss. --International Truck and Engine Corp. has won a $623 million contract to build 1,200 mine-resistant ambush-protected armored vehicles in West Point for the Marine Corps, members of the Mississippi congressional delegation announced Thursday.
The deal will mean 350 jobs to the plant, which is a joint venture with Griffin Armament.
International is part of Navistar International of Warrenville, Ill.
U.S. Rep. Roger Wicker, R-Miss., said Thursday that the contract specifies delivery of the vehicles to the Marine Corps by February 2008.
The vehicles are designed to provide better protection against mines and incendiary explosive devices, which have caused the greatest number of casualties for U.S. troops in Iraq, Wicker said in a statement.
"International Truck has a proven record of building and delivering armored vehicles to protect American service personnel," Wicker said. "This contract reflects the confidence the Marine Corps has in International's expertise. It is also good news for West Point, where International employees will have a hand in providing the safest and most dependable armored vehicles in the world."
U.S. Sens. Thad Cochran and Trent Lott, both R-Miss., joined in making the announcement.
The truck chassis will be built at the company's Garland, Texas, plant and then transferred to the military integration facility in West Point for final assembly.
International has already delivered more than 4,000 military vehicles over the past several years. An armored heavy haul tractor produced in West Point went to Iraq last year, and another vehicle is in service in Iraq and Afghanistan.
International also builds vehicles for U.S. allies, including Israel.
"I've worked with the Marine Corps to ensure this competition was a fair one which gave West Point's work force an opportunity to participate in this very important contract," Lott said. "Yet, more important than any economic impact, this contract will provide our troops with a vehicle that better resists the deadly explosive devices so often used by America's terrorist foes."
Cochran said: This contract will help protect U.S. troops as well as provide our work force at home with good job opportunities."
West Point has lost three manufacturing plants this year - Sara Lee, Flexible Flyer and Best Textiles International - and more than 1,300 jobs.
Frank K. owns a piece of QTWW as well... they will make hybrid engines for the Cheetah, which is required for the JLTV.
It was on NBC and CBS on Friday night.
It is an add on. They were using their remaing funds before the new money comes in.
Option trading to start on FRPT tomorrow.
All around POS.
No, Cheetah.
Does anyone have an Allstocks account? I need a favor