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FRPT 50M$ contract with US Army
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[QUOTE]Originally posted by Jo4321: [QB] Good to see confirmation of what we all figured would happen. ----------------------------------------- News for 'FRPT' - DoD May Cut List Of Armored Vehicle Makers Before Big Order Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Army, Navy and Marine Corps plan to buy more than 4,000 new armored vehicles this year, but probably not from every company that received a test contract last month, U.S. Defense Department weapons buyers said Wednesday. Nine contractor teams won $35 million in test vehicle contracts for the Mine-Resistant Ambush Protected vehicle program, also known as MRAP. The total program is worth at least $1 billion this year, with the potential for thousands of additional orders. Chief Navy weapons buyer Delores Etter said schedule is the overriding concern as the program goes forward, although cost will also be a factor. The military needs these vehicles quickly and wants industry to ramp up its production capacity. But not all of the winning teams are likely to get full-production contracts, she said. Right now, the Pentagon is considering a "creative" range of proposals, some of which probably won't pan out. "I don't think that we're going to have a large number that actually will go to procurement," Etter said at an Aviation Week defense conference. She did not comment on any specific vehicles. The MRAP winners include General Dynamics Corp. (GD), Force Protection Inc. (FRPT), Armor Holdings Inc. (AH), Textron Inc. (TXT), BAE Systems PLC (BAESY), Oshkosh Truck Corp. (OSK), Protected Vehicles Inc., Navistar International Corp.'s (NAV) International Military and Government LLC, and General Purpose Vehicles LLC. To get the new vehicles quickly, the Pentagon will be flexible about how it can transport the vehicles and manage spare parts, said Army Maj. Gen. Jeffrey Sorenson. He said it was too early to say whether the new vehicles would stay in the fleet for decades or phase out once there is less of an acute need. "This is only a short-term fix," said Sorenson, chief Army weapons buyer Claude Bolton's deputy for acquisition and systems management. The Army and Marines already have started work on a long-term replacement for the Humvee troop transport. This program, known as the Joint Light Tactical Vehicle, could be worth $10 billion over time according to some analysts. Even though the MRAP program is a gap filler, it still is likely to expand. At a House Armed Services Committee panel hearing this week on Navy and Marine Corps needs, officials cited a need for many more than the 4,060 vehicles in the baseline plan. "We're looking for approximately 6,800 total vehicles," said Marine Corps Lt. Gen. Emerson Gardner, deputy commandant for programs and resources. "We're very confident that we'll have multiple companies qualify," Gardner said. -By Rebecca Christie, Dow Jones Newswires; 202-862-9243; Rebecca.Christie*dowjones.com (END) Dow Jones Newswires February 14, 2007 18:23 ET (23:23 GMT) [/QB][/QUOTE]
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