Newsletter Subscription


Saturday, Dec 20, 2014


FP Receives $106.9 M for 1,000 Independent Suspension System Kits

Ladson, S.C. - Force Protection Industries, Inc., a FORCE PROTECTION INC. (NASDAQ:FRPT) group company, today announced that it has received a firm fixed price modification to existing contract M67854-07-C-5031 from U.S. Marine Corps Systems Command with a total value of approximately $106.9 million for the purchase of 1,000 independent suspension system ("ISS") kits. The award consists of 650 ISS kits for Cougar Category I vehicles and 350 ISS kits for Cougar Category II vehicles. Delivery of the kits is expected to begin in the Company's 2011 third quarter and be completed by December 31, 2011.

Randy Hutcherson, Chief Operating Officer for Force Protection Industries, Inc., said, "The Cougar with independent suspension continues to perform exceptionally well in Afghanistan, and this award is another clear indicator of how vital the Cougar is to the troops in theater. The delivery of these kits and subsequent installation will help ensure that our Cougar vehicles continue to perform critical missions in extremely rugged areas."

Source : Force Protection, Inc. (NASDAQ: FRPT)

Published on ASDNews: May 3, 2011

 

Lightweight Tactical Vehicle Summit

Mar 16 - 18, 2015 - Detroit, United States

Register More info


US Export Controls with REFORM CHANGES Seminar

Jun 15 - 18, 2015 - San Francisco, United States

Register More info


© 2004-2014 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk