Yes, the perception in that case would be that we don't need all those MRAPs. The truth is that they will need to build them anyway to replace outdated Hummers and other vehicles they chose to leave behind. The contracts will be there. The question is how many will FRPT get.
I would love to hear a good valuation argument for/against the current FRPT stock price. That has not been my strong point, so I'm relying more on the chart.