U.S. Marine Corps Orders More Force Protection Vehicles

$69M Delivery Order Fulfills Cougar Contract

(LADSON, S.C.) -- Continuing strong demand for Force Protection, Inc.'s (OTCBB:FRPT) armored vehicles was highlighted today as the manufacturer announced another delivery order from the U.S. Marine Corps worth an estimated $69 million for 100 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order marks the fulfillment of a sole source contract previously announced and awarded to Force Protection on November 9, 2006.


More than 300 Force Protection vehicles are currently in the field, and have an unmatched record for troop safety in the face of improvised explosive devices, land mines and roadside bombs in Iraq and Afghanistan. Popular with explosive ordnance disposal teams and other first response units who credit the vehicles with saving their lives, the vehicles incorporate a V-shaped hull design that deflects the force of blasts away from passengers.

"Our vehicles have set the standard for blast protection," said Force Protection CEO Gordon McGilton. "Thousands of incidents in the global war on terror show that Force Protection's proven blast protection technology saves the lives of our troops on the ground who constantly face explosive threats. We are gratified to know that many more vehicles will be deployed in support of their critical mission. This order once again confirms that the investments we have been making to increase our capacity will prove to be time and money well-spent."

Source : Force Protection