Monday, November 14, 2011 12:11:15 PM
The government is so stupid as to award a fraud company over $317,000,000 in contracts in the past few months. Yeah, a real sham !!
Force Protection Industries, Inc., Ladson, S.C., was awarded an $185,864,608 firm-fixed-price contract. The award will provide for the modification of an existing contract to procure 167 Buffalo A2 vehicles, without bar armor installed, and 102 bar armor kits. Work will be performed in Ladson, S.C., with an estimated completion date of Nov. 1, 2012. One bid was solicited, with one bid received. The U.S. Army TACOM, Warren, Mich., is the contracting activity (W56HZV-08-C-0028).
http://www.defense.gov/contracts/contract.aspx?contractid=4661
Force Protection Industries, Inc., Ladson, S.C., is being awarded a $16,941,232 firm-fixed-priced modification under previously awarded contract (M67854-07-D-5031) for the procurement of 961 fuel protection kits, and eight sets of capability insertion enhanced and inspect or repair only as necessary tools, for Mine Resistant Ambush Protected vehicles. Work will be performed in Charleston, S.C., and is expected to be completed no later than March 30, 2012. Contract funds in the amount of $5,289,902 will expire at the end of the current fiscal year. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.
http://www.defense.gov/contracts/contract.aspx?contractid=4629
Force Protection Industries, Inc., Ladson, S.C., is being awarded a $106,921,400 firm-fixed-price modification under previously awarded contract (M67854-07-D-5031) for procurement of 650 Category I Vehicle Independent Suspension System (ISS) kits and 350 Category II Vehicle ISS kits, for the Cougar Mine Resistant Ambush Protected (MRAP) vehicle fleet supporting Operation Enduring Freedom. Work will be performed in Oshkosh, Wis. (95 percent), and Ladson, SC. (5 percent), and is expected to be completed no later than Dec. 31, 2011. Fiscal 2009 Other Procurement Air Force funds in the amount of $1,407,765 will expire at the end of the current fiscal year. These funds will expire at the end of the current fiscal year. Marine Corps Systems Command, Quantico, Va., is the contracting activity.
http://www.defense.gov/contracts/contract.aspx?contractid=4525
Force Protection Industries, Inc., Ladson, S.C., is being awarded an $8,089,860 firm-fixed-price modification under previously awarded contract (M67854-07-D-5031) for a six-month renewal of 43 field service representatives to support operations at Vehicle Support Facility-Afghanistan. Work will be performed in Afghanistan, and is expected to be completed by Dec. 31, 2011. Contract funding will expire at the end of the current fiscal year. Marine Corps Systems Command, Quantico, Va., is the contracting activity.
http://www.defense.gov/contracts/contract.aspx?contractid=4557
If you will check further,I believe you will find FRPT "conned" the government out of over $1,000,000,000 over the years. The actual figure is higher, but I don't have the link on this computer.
There are good companies with a bad stock and.. bad companies with a good stock. The key for success of either is the management!!
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