Canadian Forces to Receive Additional Force Protection Vehicles
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(Ladson, SC., November 17, 2008) -- Force Protection, Inc. (NASDAQ: FRPT) today announced that it has received a modification under contract M67854-07-C-5039 for the delivery of 14 of its Buffalo A2 route-clearance vehicles and 34 of its Cougar vehicles to the Canadian Government. The undefinitized contract modification carries a dollar value not to exceed $49.4 million and includes vehicles, spare parts and field support. The vehicles are scheduled for delivery in 2009.
This represents the second order for Force Protection vehicles by the Canadian Government. In 2007, Force Protection delivered five Buffalo and five Cougar vehicles for the Canadian Expeditionary Force Command.
Michael Moody, Chairman and Chief Executive Officer of Force Protection, stated, "Our NATO allies continue to face threats from roadside bombs, landmines and many other types of improvised explosive devices. We are delighted that the Canadian military will be receiving this life saving equipment for use in supporting their operations in the global war on terror. This order further solidifies our belief that the Cougar and Buffalo are proving to be the most survivable, sustainable vehicles on the battlefield. We are very pleased that the Canadian government has chosen to procure additional vehicles from Force Protection."
Source : Force Protection Inc.
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