AI
Thursday, December 14, 2006 7:02:38 AM
PP- Any thoughts on Force Protection? Great fundamentals
U.S. Marine Corps Orders More Force Protection Vehicles
Friday December 8, 8:30 am ET
$69-Million Delivery Order Fulfills Cougar Contract
LADSON, S.C.--(BUSINESS WIRE)--Continuing strong demand for Force Protection, Inc.'s (OTCBB:FRPT - News) armored vehicles was highlighted today as the manufacturer announced another delivery order from the U.S. Marine Corps worth an estimated $69 million for 100 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order marks the fulfillment of a sole source contract previously announced and awarded to Force Protection on November 9, 2006.
ADVERTISEMENT
More than 300 Force Protection vehicles are currently in the field, and have an unmatched record for troop safety in the face of improvised explosive devices, land mines and roadside bombs in Iraq and Afghanistan. Popular with explosive ordnance disposal teams and other first response units who credit the vehicles with saving their lives, the vehicles incorporate a V-shaped hull design that deflects the force of blasts away from passengers.
"Our vehicles have set the standard for blast protection," said Force Protection CEO Gordon McGilton. "Thousands of incidents in the global war on terror show that Force Protection's proven blast protection technology saves the lives of our troops on the ground who constantly face explosive threats. We are gratified to know that many more vehicles will be deployed in support of their critical mission. This order once again confirms that the investments we have been making to increase our capacity will prove to be time and money well-spent."
For more information on Force Protection and its vehicles, go to www.forceprotection.net.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Force Protection Contact:
Policy Impact Strategic Communications
Jeff Child, 202-737-5339 (Media Contact)
jchild@policyimpact.comom/c-sc/sc?s=FRPT&p=DAILY&b=5&g=0&i=0&r=6233
U.S. Marine Corps Orders More Force Protection Vehicles
Friday December 8, 8:30 am ET
$69-Million Delivery Order Fulfills Cougar Contract
LADSON, S.C.--(BUSINESS WIRE)--Continuing strong demand for Force Protection, Inc.'s (OTCBB:FRPT - News) armored vehicles was highlighted today as the manufacturer announced another delivery order from the U.S. Marine Corps worth an estimated $69 million for 100 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order marks the fulfillment of a sole source contract previously announced and awarded to Force Protection on November 9, 2006.
ADVERTISEMENT
More than 300 Force Protection vehicles are currently in the field, and have an unmatched record for troop safety in the face of improvised explosive devices, land mines and roadside bombs in Iraq and Afghanistan. Popular with explosive ordnance disposal teams and other first response units who credit the vehicles with saving their lives, the vehicles incorporate a V-shaped hull design that deflects the force of blasts away from passengers.
"Our vehicles have set the standard for blast protection," said Force Protection CEO Gordon McGilton. "Thousands of incidents in the global war on terror show that Force Protection's proven blast protection technology saves the lives of our troops on the ground who constantly face explosive threats. We are gratified to know that many more vehicles will be deployed in support of their critical mission. This order once again confirms that the investments we have been making to increase our capacity will prove to be time and money well-spent."
For more information on Force Protection and its vehicles, go to www.forceprotection.net.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Force Protection Contact:
Policy Impact Strategic Communications
Jeff Child, 202-737-5339 (Media Contact)
jchild@policyimpact.comom/c-sc/sc?s=FRPT&p=DAILY&b=5&g=0&i=0&r=6233
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
