posted
Haha. Repo, I actually tried to IM you something yesterday and couldn't. I figured you had put me on ignore. I was like "damn, wtf did I do to deserve that?"
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quote:Originally posted by Jo4321: Stupid q', Repo, but what is the significance of the October 26th date. The hummer contracts don't come til November, right?
Hey we are in the same state.
Jo
That's when FRPT has been trading over $5 for 90 days.... expecting NASDAQ application.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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BAE Sytems Awarded $7.8 Million Contract Modification to Manufacture Additional ILAV Vehicles Publisher: BAE Systems Date: 10/23/2006
YORK, Pa. - BAE Systems has received a $7.8 million Foreign Military Sales contract modification to manufacture 20 additional Iraqi Light Armored Vehicles from the U.S. Army Tank-automotive and Armaments Command.
BAE Systems, as prime contractor, along with subcontractors Force Protection, Inc., based in Ladson, S.C., and Spartan Chassis, Inc., headquartered in Charlotte, Mich., will manufacture, test and provide logistics support for the Iraqi Light Armored Vehicles (ILAVs).
"We are pleased to provide additional ILAV vehicles to the U.S. Army destined for Iraqi military forces," said Joe Papapietro, ILAV program director for BAE Systems. "ILAV is a survivable, mobile, capable light armored vehicle that will help protect allied troops in Iraq."
The 4x4 ILAV leverages proven designs and includes a V-shaped hull designed to deflect the force of explosions away from passengers. The contract modification follows an initial order for 378 vehicles issued in May.
The total value of the indefinite-delivery/indefinite-quantity contract could reach $445.4 million and 1,050 vehicles, if all options are exercised. Work on the contract is ongoing with deliveries scheduled to continue through May 2007. The first ILAV's were delivered to Iraq 90 days after contract award.
About BAE Systems
BAE Systems is the premier trans-Atlantic defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With more than 86,000 employees worldwide, BAE Systems sales exceeded $28 billion in 2005.
About Force Protection
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 on Force Protection and its vehicles, go to www.forceprotection.net.
About Spartan Chassis, Inc.
Spartan Chassis, Inc. (www.spartanchassis.com), a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer of specialty chassis for recreational vehicles, fire trucks and military defense vehicles. Spartan Motors (www.spartanmotors.com), which also manufactures emergency rescue vehicles under the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
-------------------- "Great Day for Up!"....Dr. Seuss
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New ‘buffalo’ roam in Baghdad By Spc. Matthew McLaughlin, Task Force Baghdad
CAMP LIBERTY, Baghdad - If the Buffalo that once roamed the great plains of America had an impenetrable metal frame and a gigantic claw, they probably wouldn’t be an endangered species. In fact, they would prove quite resourceful in the global war against terrorism.
Soldiers from the 27th Engineer Company, Fort Bragg, N.C. are keeping the streets safe from improvised explosive devices with the Mine Clearing Purpose Vehicle “Buffalo,” a massive armored vehicle built to uncover IEDs and sustain their dangerous explosions.
The Buffalo was originally intended to deal with land mines, but the Army has adapted the vehicle to deal with the constant problem of IEDs. Currently, there are 14 Buffalos in Iraq, with as many as 15 being contracted for production, according to Defense Daily.
The 27th Engineers use the Buffalo to clear roads within the Commando Brigade’s area of responsibility. Sgt. Kevin Chose, a team leader with 27th Engineers, said he and his Soldiers are having a tremendous positive impact keeping the streets of Baghdad safe from IEDs.
“Every day before we go out, we say ‘let’s go find some bombs,’” he said.
“Even finding one IED makes a big difference. We know finding one saved lives. We’re all motivated to find something.”
Soldiers from 58th Engineers have already discovered and helped disarm many IEDs in less than a month, Chose said. They also helped take out several IEDs in the unconventional way: getting hit.
“We get a first hand view of IED impacts,” said Spc. Mark Campo, 27th Engineers. “It was like slow motion. I saw the cloud of debris coming towards me.”
All Soldiers in the Buffalo said they would rather have an IED hit them in a well-protected Buffalo than their comrades in a humvee.
One example of the Buffalo’s resistance to IEDs the engineers were especially proud of probably saved the lives of unsuspecting Iraqi Army Soldiers. On Dec. 4, the 27th Engineer Soldiers were approaching a suspected IED when it detonated only a few feet in front of them. No one was hurt in the attack and the Buffalo was not damaged, but moments later IASoldiers passed in an unarmored humvee. If the IED went off on the IA Soldiers, it would have been far worse, Chose said.
“It reaffirmed to me what we are doing over here,” he said. “If we weren’t there, eight or 10 guys wouldn’t be going home.”
Soldiers in the Buffalo also gained confidence in the abilities of their vehicle. A blast at such a close range would cause serious damage to a regular armored vehicle, but the Buffalo kept rolling, Campo said.
“I opened the top hatch to pull security,” he said. “There was debris everywhere, but there wasn’t a scratch on (the Buffalo.)”
The design and intention are different from any armored vehicle. The outside looks like a disgruntled trucker’s dream come true. Aside from its nearly impenetrable exterior, the Buffalo also features a remote-controlled mechanical claw used for inspecting IEDs. The inside of the Buffalo, however, looks more like a commercial aircraft than a combat vehicle. Five imitation-leather seats line the right and left windows. There is even a television monitor like those used in high-priced automobiles, used to examine potential IEDs.
Gale Aguilar, Force Protection executive officer, said the Buffalos’ success directly contributes to the Army’s decision to spend $11.8 million on new Buffalos.
"Our vehicles are saving lives by protecting our troops against the threat of landmine attacks and improvised explosive devices, which have been a deadly feature of the current combat."
-------------------- "Great Day for Up!"....Dr. Seuss
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Back from the Bahamas and vacation... nice to be tan and relaxed.
I see the shorters are still at it here... but they will be surprised shortly. There is a release from the Marines that FRPT will get another order for 64 Buffaloes. Also, earnings come out in 3 weeks. Finally, if you listened to the SPAR conference call when they released earnings, they indicated that FRPT was giving them MORE business than what has been PR'd... And another analyst has given a $10.50 price target.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
Hahaha... maybe he was that guy sleeping underneath a canoe on the beach...
Well, no need to be amiss Jo. I am back, and while October was a bad month for FRPT, I think Nov. will be much much better... we are off the SHO list today.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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By Tom Vanden Brook, USA TODAY WASHINGTON — The military is rushing armored vehicles with specially designed hulls to Iraq and Afghanistan to limit the damage from roadside bombs, the No. 1 killer of U.S. troops. The bombs, which the military calls improvised explosive devices, or IEDs, have killed or wounded thousands of troops and shredded conventional military vehicles. The new vehicles have a V-shaped hull, which disperses the force of an explosion and helps keep the vehicle from flipping over.
"It's just going to be the standard for any vehicle on the battlefield over the next 10 years," John Pike, a military analyst at GlobalSecurity.org in Alexandria, Va., said of the V-shaped hull.
Not only are lives at stake, but also millions — and potentially billions — of dollars.
The Pentagon's Joint IED Defeat Organization is spending nearly $3.5 billion this year to combat IEDs. Pentagon records show that since the wars in Afghanistan and Iraq began, 1,074 troops have been killed and 11,513 others wounded by insurgent bombs.
A major Pentagon supplier of V-shaped vehicles is 9-year-old Force Protection of Ladson, S.C. The Pentagon says the number of the company's Buffalo and Cougar V-shaped vehicles in Iraq is classified, but public records show the military has bought almost 300. That compares with more than 35,000 Humvees, the military's main multipurpose vehicle, in Iraq. The Buffalo vehicles cost $750,000 apiece, about five times the cost of an armored Humvee, which is smaller.
Force Protection says nobody inside a Buffalo has been killed in Iraq or Afghanistan despite encountering thousands of IED blasts.
Retired general Montgomery Meigs, head of the anti-IED organization, said the Buffalo's armor and shape make it "a lot more robust than the Humvee."
Foreign companies, many of them in South Africa, have been the leaders in developing the vehicles. Some of the Pentagon's largest contractors are marketing V-shaped vehicles with foreign partners. They include:
•AM General, the maker of the Humvee, is pitching to the Pentagon a V-shaped armored car called the Cobra. It is made by Otokar, a Turkish company, and uses a Humvee drivetrain.
•Oshkosh Truck, which makes many of the military's trucks, has partnered with ADI of Australia to market the Bushmaster armored vehicle.
•Blackwater, a private security firm that protects U.S. diplomats in Iraq, developed is own vehicle, the Grizzly, which it will send to Iraq soon.
Sen. Lindsey Graham, a South Carolina Republican and a member of the Armed Services Committee, pushed the Pentagon to buy the Buffalo and Cougar.
Graham said the Pentagon has acted quickly to deploy the vehicles, without the kind of delays seen in sending body armor and armored Humvees to Iraq.
"This is an example of where (the Pentagon) has gotten it right," Graham said. "They're doing it as fast as they can."
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Buffalo was just profiled on FOX news!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!! They picked up the USA Today story.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Senator Lindsay Graham, (about Buffalos) "This is where the Pentagon got it right."
General Wesley Clark, "The sooner we can get those vehicles (Buffalos) over there in large numbers the better off all our troops will be... There's nothing more important on that battlefield than protecting our soldiers".
Fox repeats everything over and over again. This should be great for tommorrow as people come home from work and watch the news!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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U.S. Army Calls for More Force Protection Vehicles Thursday November 2, 8:46 am ET Manufacturer's armored vehicles make headlines
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) today announced it has received a delivery order from the U.S. Army for 10 additional Buffalo mine-protected clearance vehicles. The order, worth an approximate $7.5 million, marks the fulfillment of a contract awarded by the Tank, Automotive and Armaments Command in Warren, Michigan for a total of 41 Buffalo vehicles.
Force Protection's Buffalo and Cougar vehicles have been featured in major national news publications in recent weeks. A Fox News Channel report broadcast on 10/31 cited the fact that there have been no fatalities in Force Protection vehicles since their deployment to Iraq and Afghanistan in 2003, despite thousands of IED attacks. Similar reports have been published in USA Today, Forbes Magazine, and Fortune Small Business Magazine.
"The performance of our vehicles speaks for itself," said Force Protection CEO Gordon McGilton. "We are pleased with the attention their critical role has received, and, most importantly, are gratified to hear constantly from the men and women in the field that the Buffalo and Cougar are saving lives everyday. This shows us that our objective to keep soldiers safe in the face of explosive threats by providing the most advanced blast protection technology available continues to be met."
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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More news... this stock has to explode to the upside soon. Goddamn shorts. Not to mention, an s-4 was filed that gave the CEO 500K warrants to buy at $7.48... so sooner or later, we'll be back over $9.
Force Protection, Inc. Named South Carolina's Fastest-Growing Company in 2006 Friday November 3, 8:45 am ET
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (OTCBB:FRPT - News) has been named South Carolina's fastest-growing company in 2006 by the state's leading accounting and business advisory firm, Elliott Davis, LLC, and by the South Carolina Chamber of Commerce.
The armored vehicle manufacturer was ranked first in the Top 25 winners who were announced Thursday (11/2) at the Chamber's Annual Summit event in Charleston. Now in its fifth year, the South Carolina's Fastest-Growing Companies(SM) program recognizes the private and publicly owned companies that have contributed to the state's economy through increases in revenue and employment.
"It is an honor for Force Protection to receive this recognition," said Force Protection COO Ray Pollard. "Since the company's beginning in 2003, the Palmetto State has continually had the resources we've needed to sustain our exponential growth. Force Protection is privileged to have South Carolina as an invaluable partner as we continue to provide our troops with the highest levels of blast protection available."
Force Protection has grown from a small start-up firm with fewer than a dozen employees in 2003 to a mainstream assembly line manufacturer with a workforce of more than 600 today. Production facilities and revenues have also expanded dramatically. The company's Buffalo and Cougar vehicles have been used by troops in Iraq and Afghanistan for more than three years without a single fatality.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Its not the elections I worry about, its the earnings next week.... that will make us or break us for remainder of the year (unless we get a big contract or NASDAQ listing).
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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Watch FRPT in the coming weeks and months because of this announcement. Rumsfeld was all about up armoring Humvees... now the DoD and Dems will move fast to get the Army the vehicles they need to win now.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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