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Force Protection Receives $74 M ILS Contract From U.S. Marine Corps
(Ladson, SC., January 17, 2008) -- Force Protection, Inc. (NASDAQ:FRPT) today announced that it has received through its wholly owned subsidiary, Force Protection Industries, Inc., a $74,130,482 million contract for integrated logistics support (ILS) on the Company's Cougar MRAP Category I and Category II vehicles.
"Force Protection recognizes the importance of supporting the vehicles' performance in the field," said Force Protection Industries' Vice President for Integrated Logistics Support, Phillip Owens. "The Company's ILS business segment has kept pace with the rush to field these life-saving vehicles. This contract is indicative of our continued efforts to ensure troops have the vehicles in service and to provide them the maximum protection possible."
Force Protection Industries' ILS division focuses on the maintenance and replacement parts support of the Company's Cougar and Buffalo armored vehicles deployed in Iraq and Afghanistan. The vehicles have been delivered to the U.S. government in record numbers in the past year.
The Company's Cougar and Buffalo vehicles have been regarded as the gold standard in troop safety since their initial deployment in 2003. They have withstood more than 3,000 blast attacks while being used by explosive ordnance disposal, route clearance, and other first response units.
Source : Force Protection Inc.
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