U.S. Marine Corps Buys Additional Force Protection Vehicles
Because of increased capacity to rapidly produce its life-saving vehicles, Force Protection, Inc. (OTCBB:FRPT) said today it was able to respond to the U.S. Marine Corps' urgent operational need for 15 of the company's Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The contract for the vehicles, spare parts, and sustainment services is worth an approximate $9.4 million. All 15 vehicles will be delivered in January.
"We are pleased to be able to respond to this urgent need so quickly," said Force Protection Vice President for Program Management Damon Walsh. "Due to our ramp up efforts that include expanding production lines and improving manufacturing efficiencies, these vehicles are being produced and readied for presentation to the government in the same month the order was received.
"This is indicative of our increased capacity to produce these unmatched blast- and ballistic-protected vehicles with the required speed to support our soldiers in Iraq," he said. "Based on the strategic manufacturing partnerships we have formed recently, that capacity will only continue to expand."
Force Protection's Buffalo and Cougar vehicles have logged more than 1.6 million hours of combat operations in Iraq and Afghanistan since 2003. Known for the unmatched level of troop safety they provide, the Buffalo and Cougar are deployed by all branches of U.S. armed forces.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are 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.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties that ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Force Protection, Inc.
Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild@policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015 investorrelations@forceprotectioninc.com




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