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[QUOTE]Originally posted by Jo4321: [QB] Nice PR: Force Protection Gains Ground - AP NEWS Wednesday June 13, 3:38 pm ET http://biz.yahoo.com/ap/070613/force_protection_mover.html?.v=1 AP Force Protection Gains Ground Wednesday June 13, 3:38 pm ET Force Protection Rises After Partner Increases Alabama Operations NEW YORK (AP) -- Force Protection Inc. shares jumped Wednesday after an analyst said the maker of blast-protected vehicles is preparing to ramp up production. Force Protection is filling a U.S. Marine Corps order for 1,000 Mine Resistant Ambush Protected vehicles. General Dynamics, which has a $244.5 million contract with Force Protection to help complete the order, said Tuesday it is adding 320 jobs and spending $2.6 million on two Alabama facilities connected to that contract. ADVERTISEMENT SunTrust Robinson Humphrey analyst Chris Donaghey said Force Protection is looking to increase its production, and will need to place some large orders to do so. He believes General Dynamics is expecting a larger contract, because the current one is too small to justify what it is spending. "In our opinion, General Dynamics would not be making an investment in these facilities for a 1,000 vehicle contract and we believe this move by General Dynamics implies it expects to see significantly larger awards," the analyst wrote in a client note. He maintained a "Buy" rating on Force Protection shares, noting that the stock has slipped 23.5 percent since touching a seven-year high on May 22. Force Protection also said it is being added to the Russell 3000, an index of the 3000 largest publicly traded companies measured by market capitalization. Shares of Force Protection rose $1.85, or 7.8 percent, to $25.70. General Dynamics shares added 82 cents to $80.06. [/QB][/QUOTE]
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