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FRPT- FORCE PROTECTION --> 1.92
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[QUOTE]Originally posted by invester: [QB] Force Protection, Inc. Receives $94 Million in UK Contracts for Additional Cougar Vehicles Friday May 2, 9:19 am ET LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) today announced that Congress has approved two Cougar Foreign Military Sales to the United Kingdom. The first contract for six Cougar Category I Mine Resistant Ambush Protected (MRAP) vehicles and associated services was awarded on April 29. The second contract for 151 Cougar MRAP vehicles and associated services was awarded on May 1. The total value of the contracts for the 157 vehicles, named Ridgebacks by the British, is approximately $94 million. These contracts are not subject to the terms of Force Protection’s joint venture. ADVERTISEMENT “We are pleased to note the ongoing interest in and demand for the company’s proven blast protection technology around the world,” said Damon Walsh, Force Protection Executive Vice President for Customer Operations. “Our vehicles’ record for survivability and sustainability leads the industry. Force Protection is proud to have the continued support of our British customer.” Vehicle production will take place at the Company’s Ladson, SC facility and is scheduled for completion by July 2009. The UK Ministry of Defence has ordered more than 330 Cougar vehicles from the Company since February 2008. About Force Protection, Inc. Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit [URL=http://www.forceprotection.net.]www.forceprotection.net.[/URL] [/QB][/QUOTE]
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