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» Allstocks.com's Bulletin Board » .11 and Up! » FRPT- FORCE PROTECTION --> 1.92 (Page 2)

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Author Topic: FRPT- FORCE PROTECTION --> 1.92
juice
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2.80 LOD looking good to accumulate. this trend happened in the 1.80-2.00 range before a nice pop too.
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juice
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here we go, more $$$$... issued today!!

Force Protection Industries, Inc., Ladson, S.C., is being awarded a $12,635,801 firm-fixed-priced modification under Delivery Order #0004 to previously awarded contract (M67854-07-D-5031) for the purchase of Mine Resistant Ambush Protected (MRAP) Vehicle logistics support to include technical data, provisioning data, Outside the Continental United States field service representatives, one-year maintenance workshop block and one-year forward deployment block. Work will be performed in the combat area of operations and Ladson, S.C., and work is expected to be completed by Nov. 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

http://www.defenselink.mil/contracts/contract.aspx?contractid=3758

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joeyisthebest
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Nice play Juice I wish I would have bought in [Frown]
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invester
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Just picked up a thousand
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Jo4321
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me too....it's a sickness

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"Great Day for Up!"....Dr. Seuss

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PCola77
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JO!!!!!!!!!!!!!!!!!!!!!
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juice
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nice buys guys... not sure how much lower this will drift. that will depend on the co and announcements/contracts. they didn't even PR the 12.5 mill one from the other day! thats pretty strange no?
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Jo4321
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LOL PCola.

Don't be alarmed, I already got rid of those shares at $2.95. Finally a green trade.

The jo effect probably won't work here, since I still hold a bunch.

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Jo4321
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May issue of Popular Mechanics....

http://www.popularmechanics.com/technology/industry/4258818.html

Field Mechanic: This is My Job

By Chris Dixon
Photograph by Chad Hunt
Published in the May 2008 issue.

Chris Mieras
Ladson, S.C.
Years on Job: 5

Nearly 60 percent of U.S. deaths in Iraq are caused by roadside bombs, which makes Chris Mieras’s goal pretty simple: Keep people alive. As a field mechanic for Force Protection, a military contractor, he has spent two years in Iraq doing maintenance and troop training for IED- and mine-clearing vehicles called Buffaloes. His damage reports have led to improvements in the machinery—with impressive results. Since 2004, the 180 or so Buffaloes in Iraq have withstood a large number of attacks, with just three fatalities. While shifting budgets have left the future uncertain for the $750,000 vehicles, the 39-year-old Mieras will return to Iraq for a third year in April. “These trucks take blasts that amaze me,” he says. “And the soldiers live to tell the stories.”

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"Great Day for Up!"....Dr. Seuss

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juice
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sweet pic nice find thanks!
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juice
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you guys watching this trade? someone is buying everything at 3.00 or under, crazy! next week should be NICE;)
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Hitman
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Yep... Got eyes on it
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juice
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looks like we have the same buyers arouind 2.97-3.01 for the morning so far. someone loading the boat at and below 3. the next move north coming!
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cspaude
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another $15mil contract for support services.
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Free Muney
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im in. at 3. this company should run especially if this lawsuit blows over without hurting the company too much.

do stockholder lawsuits usually hold up?

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Contrarian views always appreciated.... :p

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juice
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lets just hope they get that 10k out soon then we'll be back in business. I imagine they will get that out before they announce any big contracts...
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juice
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In case you don't own FRPT, you need to consider potential here!! stole the list from someone else added a few things, but if I left anything off please add! [Smile]

current market cap says 200 mill
P/E ~5
$70M cash on hand
NO debt
$1 billion in trailing revs
fully booked 2008
$9 and 7M Marine order
$115 Million dollar sales to England and Italy
$74 Million dollar sale to Marines
Recent 12M and 15M DOD upgrades to previous awarded contracts
New Chairman - CEO- CFO and COO
still a prime takeover target
Restatement to report Q123 - 2007
Delays Q4 07 - this is where the money is
Featured MRAP in NY Times article
Featured twice in USA Today
Fearured in Popular Mechanics May 2008 Issue
Gets the US Sentate and Marines to investigate manipulation of MRAP sales.
Gets official notice from the DOD that there will be no cuts in future orders.
Delivers over 400 units from prior orders
Fidelity ups stake to 17%
http://new.quote.com/news/story.action?id=RTT803251230001614
over 30 NEW jobs in the past week on FRPT website!

Don't let the cheesy lawsuits scare you!

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invester
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Gapping after hours. Anybody know why?
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invester
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Found it.

Force Protection gets $91 mln MRAP deal for UK
Thu May 1, 2008 5:39pm EDT Email | Print | Share| Reprints | Single Page| Recommend (-) [-] Text [+]


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¥ € $ - Learn. Practice. Trade.WASHINGTON, May 1 (Reuters) - Force Protection Industries Inc (FRPT.O: Quote, Profile, Research) is being awarded a contract modification worth up to $91.5 million for 151 armored trucks and spares sold to Britain, the U.S. Defense Department said on Thursday.

The action, under a U.S. Navy contract, involves a government-to-government sale of Mine Resistant, Ambush Protected, or MRAP, vehicles to the British Defence Minsitry, the Pentagon said.

The first MRAPs are due to be delivered in July, with work expected to be completed a year later, according to a daily contract digest. (Reporting by Jim Wolf)

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Jo4321
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Thanks for posting that.

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"Great Day for Up!"....Dr. Seuss

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invester
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DJ Defense Contracts Reported Thursday


DOW JONES NEWSWIRES

The following defense contracts were reported Thursday:

Force Protection Inc. (FRPT) received a contract modification not to exceed $91.55 million under a previously awarded contract to acquire 151 Mine Resistant Ambush Protected vehicles and associated spares. This action consummates a requirement under a foreign military sales order with the United Kingdom, Ministry of Defence. Work is expected to be completed July 2009.

General Dynamics Corp.'s (GD) Electric Boat Corp. unit received a $7.75 million modification to previously awarded contract for non-nuclear maintenance and repair support at the Naval Submarine Support Facility, Naval Submarine Base, New London, Conn. Will also provided services required to support planned and emergent non-nuclear maintenance and repair for operational nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at NSSF. Work is expected to be completed by September 2008.

Northrop Grumman Corp. (NOC) Guidance and Electronics Co. unit received a $5.62 million indefinite-delivery indefinite-quantity, firm-fixed-price and cost-plus-fixed-fee contract for LN-100 mast motion sensors, LN-100 replacement parts and repair services, and various related engineering services. Work is expected to be completed by April 2013.

Boeing Co.'s (BA) McDonnell Douglas Corp. subsidiary received a firm-fixed price contract for $34.7 million to provide Common Range Integrated Instrumentation System 24 month Risk Reduction and Technology Maturation Phase.

General Electric Co.'s (GE) GE Aviation Systems unit received a firm fixed-price contract for $14.9 million to provide for 868 linear actuating caps in support of the F-15 aircraft.

Lockheed Martin Corp.'s (LMT) Integrated Systems unit received a modified contract for $9.66 million to provide interim contractor support, including material and labor, to repair discrepancies related to the UH-IH upgrade modification in all Group A components and the Group B items which are not currently in the Air Force inventory. ICS coverage shall commence after acceptance of the trial installation aircraft and continue through transition of the final aircraft to Air Education and Training Command.

BAE Systems PLC (BA.LN) received a firm fixed-priced pre-priced contract modification for $8.05 million for a CV-22 interim defense weapon system productions option in support of U.S. Special Operations Command and NAVAIR.

Shaw Group Inc.'s (SGR) Shaw Environmental & Infrastructure Inc. unit received a maximum amount of $30 million, guaranteed minimum of $100,000, cost reimbursement plus award fee, indefinite-delivery indefinite-quantity remedial action contract for environmental remediation services on Navy and Marine Corps installations at various Department of Defense sites within the Naval Facilities Engineering Command Atlantic area of responsibility. The total contract amount is not to exceed $150 million. Work is expected to be completed by April 2013.


Order free Annual Report for Northrop Grumman Corp.

Visit http://djnewswires.ar.wilink.com/?link=NOC or call 1-888-301-0513

(END) Dow Jones Newswires

May 01, 2008 18:38 ET (22:38 GMT)

Copyright (c) 2008 Dow Jones & Company, Inc.- - 06 38 PM EDT 05-01-08

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invester
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The whole market cap of the company is around $200 million. They just got another $91 million on top of the $1 billion or so previous to this. I've never seen a company this undervalued. All over a couple of very frivolous lawsuits. So sad. Stock was over $30 a few months ago without all the orders. This one goes much higher.
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invester
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UP 18% after hours. People are finally catching on.
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invester
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Two other ones to look at are PAL and ETFC. Both are extremely undervalued the same as this one is.
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juice
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quote:
Originally posted by invester:
The whole market cap of the company is around $200 million. They just got another $91 million on top of the $1 billion or so previous to this. I've never seen a company this undervalued. All over a couple of very frivolous lawsuits. So sad. Stock was over $30 a few months ago without all the orders. This one goes much higher.

EXACTLY finally someone who GETS IT!! this will be a HUGE gainer for those that are in this early IMO
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juice
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quote:
Originally posted by invester:
Two other ones to look at are PAL and ETFC. Both are extremely undervalued the same as this one is.

lol i own both of those too investor, great stocks. PAL had a sweet run not to long ago, I sold a bit to early, but I'm back in. FRPT ive just been accumulating...
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juice
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Summary of FPI contracts for 2008

1/15.....$74,130,482......ILS
2/21....$115,167,467....174 MRAP...UK
2/21......$8,353,715.....10 MRAP...Italy
3/14......$9,849,420.....12 .Cat-I....6.Cat-II
3/14......$7,690,529.....11-Cat-III (Buffalo)
4/22.....$12,645,801.....ILS
4/28.....$15,279,151.....ILS
5/01.....$91,549,216....151 MRAP...UK
___________
$334,655,781

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invester
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[Smile]
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invester
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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 www.forceprotection.net.

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juice
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check out those bids to cover! wooooooooo 3.50 breached!
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juice
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rumor order coming from ITALY!
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Jo4321
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Mama mia!

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"Great Day for Up!"....Dr. Seuss

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invester
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Where did do hear about the Italy purchase?
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juice
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quote:
Originally posted by invester:
Where did do hear about the Italy purchase?

we'll see next week. it was being spewed on ihub/yahoo finance for a minute not sure what to make of it. probably hype, but ya never know the way the force is going after the international market now! love it!
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juice
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can you say MONSTER!!! this is far from being finished!!!

Defense Contract Values Per Company (since 10/30/2006)
(Listed by Contract Value Descending)

4/23/2007 - Force Protection $481,414,500
12/18/2007 - Force Protection $377,775,613
10/18/2007 - Force Protection $376,644,117
6/19/2007 - Force Protection $221,688,050
11/9/2006 - Force Protection $125,000,000
2/21/2008 - Force Protection $115,167,467
11/1/2007 - Force Protection $91,795,295
5/1/2008 - Force Protection $91,549,216
1/15/2008 - Force Protection $74,130,482
8/10/2007 - Force Protection $69,799,900
2/14/2007 - Force Protection $67,406,940
1/26/2007 - Force Protection $34,574,582
3/6/2007 - Force Protection $16,260,713
4/28/2008 - Force Protection $15,279,151
4/22/2008 - Force Protection $12,635,801
5/30/2007 - Force Protection $11,991,406
3/14/2008 - Force Protection $9,849,420
1/11/2007 - Force Protection $9,379,370
5/4/2007 - Force Protection $8,867,449
2/21/2008 - Force Protection $8,353,715
3/14/2008 - Force Protection $7,690,529
4/3/2007 - Force Protection $6,896,896

Total Value of Listed Contracts: $2,234,150,612
[Eek!] [Eek!] [BadOne] [BadOne]

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