News for FRCP released after market close.
Force Protection, Inc. (OTCBB:FRCP) stated today that Senator Lindsey Graham (R-SC) has announced that the U.S. military has signed a contract to purchase 21 Buffalo Mine Protected Clearance Vehicles (MPCVs) from the company's Technical Solutions Group (TSG) subsidiary. A copy of Senator Graham's statement is below.
U.S. Senator Lindsey Graham (R-South Carolina) today announced an
order for 21 Buffalo Mine Protected Clearance Vehicles will be
filled by Technical Solutions Group of Ladson.
The estimate value of the contract, targeted for completion by
years end, is $15.3 million with an initial release of $7.6
million.
"Our men and women in uniform deserve the best equipment and
training available," said Graham. "The Buffalo will help protect
our soldiers from landmines and roadside bombs as they carry out
their duties in Iraq and Afghanistan. It's an important vehicle
helping our soldiers fulfill critical missions.
"As a member of the Senate Armed Services Committee, it's also
particularly satisfying to know that a company with South Carolina
ties is playing a big role in helping win the war on terror."
Graham has been an advocate for additional armed vehicle
protection for U.S. soldiers and Marines in the global war on
terror.
Technical Solutions Group, a subsidiary of Force Protection, Inc., manufactures and markets vehicles designed to both protect troops and equipment as well as to detonate and remove mines. The company combines a proprietary capsule design with American automotive technology to produce vehicles with a high level of protection, visibility, load carrying capacity, interior space and parts availability- all critical qualities in military vehicles.
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