(dont own any)2004-11-29 09:20:06
Force Protection, Inc. Announces Army Contract for More Armored Vehicles
Business Editors / Defense Writers
LADSON, S.C.--(BUSINESS WIRE)--Nov. 29, 2004--
Force Protection, Inc. (OTCBB:FRCP), the leading U.S.
manufacturer of mine- and blast-protected vehicles for military and
security personnel, announced today that the U.S. Army has ordered an
additional 15 Buffalo mine-protected clearance vehicles for use in the
Iraq War. The total contract amount is estimated at $11.8 million.
"The Army's new request for more than a dozen vehicles is
indicative of the critical role the Buffalo is playing in keeping our
troops safe," said Force Protection CEO Gale Aguilar. "Our vehicles
are saving lives by protecting our troops against the threat of
landmine attacks and improvised explosive devices (IEDs), which have
been a deadly feature of the current combat."
U.S. commanders have requested that the number of armored utility
vehicles in Iraq be doubled to 8,000, stating that they are necessary
to help defeat an insurgency that continues to strike troops.
"Our armed forces require equipment that keeps them safe and
allows them to accomplish their missions in the face of emerging
threats," said Aguilar. "We are committed to providing vehicles that
meet this ever-increasing need."
The Buffalo is already being used by the Army Corps of Engineers
in Iraq and Afghanistan. It has multiple mission configurations and is
designed to be repaired quickly in the field. The unique technology of
the Buffalo provides protection against multiple types of anti-tank
mines as well as smaller anti-personnel mines.
About Force Protection, Inc.
Force Protection, Inc. manufactures ballistic and mine protected
vehicles through its wholly owned subsidiary. These specialty vehicles
are protected against landmines, hostile fire, and Improvised
Explosive Devices (IEDs, commonly referred to as roadside bombs).
Force Protection's mine and ballistic protection technology is among
the most advanced in the world. The vehicles are manufactured outside
Charleston, S.C.
For more information, visit http://www.forceprotectioninc.com.
This release contains forward-looking statements, including,
without limitation, statements concerning our business, future plans
and objectives and the performance of our products. These
forward-looking statements involve certain risks and uncertainties
ultimately may not prove to be accurate. Actual results and future
events could differ materially from those anticipated in such
statements. Technical complications may arise that could prevent the
prompt implementation of the strategic plan outlined above. The
company cautions that these forward looking statements are further
qualified by other factors including, but not limited to, those set
forth in the company's Form 10-KSB filing and other filings with the
United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly
update or revise any statements in this release, whether as a result
of new information, future events or otherwise, except as required by
law.
KEYWORD: NORTH AMERICA DISTRICT OF COLUMBIA SOUTH CAROLINA UNITED STATES
INDUSTRY KEYWORD: GOVERNMENT DEFENSE CONTRACT/AGREEMENT PRODUCT/SERVICE
SOURCE: Force Protection, Inc.
CONTACT INFORMATION:
Policy Impact Strategic Communications
Jeff Child, 202-661-6372 (Media)
jchild@policyimpact.com
or
Force Protection, Inc.
Investor Relations, 843-740-7015, Ext 233
investorrelations@forceprotectioninc.com
-----------------------------------
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[This message has been edited by Phoenixx (edited November 29, 2004).]