Business Services Industry
U.S. Army Issues Force Protection, Inc. Contract for Additional Buffalo Parts and Supplies
Business Wire, Feb 13, 2006
LADSON, S.C. -- Force Protection, Inc. (OCTBB:FRPT) today announced a U.S. Army contract for up to $5 million for authorized stockage list supplies to service its Buffalo route clearance vehicle. The contract was issued by the Army's Tank-automotive and Armaments Command in Warren, Michigan.
"This contract is an indication of the breadth and depth of the resources and expertise being brought to bear to supply our troops with the best protective equipment possible," said CEO Gordon McGilton.
The Buffalo has been deployed in mine clearance operations since 2003. The Tank-automotive and Armaments Command recently placed its first order, for approximately 19 Buffalo vehicles.
"Force Protection is committed to ensuring the optimal performance of its vehicles in critical missions throughout the world," said CEO Gordon McGilton. "Troops receive not only the cutting-edge technology incorporated into our vehicles, but also the support necessary to keep them in the fight."
The Buffalo is being used to clear thousands of suspected explosive devices in Iraq, Afghanistan and other global hot spots. While Force Protection does not publicize the exact location or number of vehicles deployed, more than 50 Buffalos have been delivered to the U.S. government in the past three years.
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.
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 ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other 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). 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.
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