FP Receives $27.4 M for Delivery of 47 Mastiffs to the UK
Ladson, S.C. - Force Protection Industries, Inc., a FORCE PROTECTION INC. (NASDAQ:FRPT) group company, today announced it has received a $27.4 million sub-contract from Integrated Survivability Technologies Limited ("IST") for the delivery of 47 Cougar Mastiff vehicles to the United Kingdom Ministry of Defence ("U.K. MoD"). IST is a joint venture between Force Protection Europe Limited, a subsidiary of Force Protection Industries, Inc., and NP Aerospace Limited, a subsidiary of The Morgan Crucible Company plc. Work under this sub-contract will be performed in Ladson, South Carolina, and is scheduled to be completed by December 31, 2011.
Randy Hutcherson, Chief Operating Officer for Force Protection, commented, "The performance of the Cougar Mastiff continues to be outstanding. This additional order demonstrates that the Mastiff remains a proven life saver for British troops. The installed fleet of Cougar vehicle variants in the United Kingdom is growing and we remain pleased that the U.K. MoD continues to view Force Protection as an important partner in sustaining its military needs."
Source : Force Protection, Inc. (NASDAQ: FRPT)
Published on ASDNews: Apr 22, 2011