FP Receives $16.9 M Award for Fuel Tank Protection KitsForce 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 $16.9 million. The award is for 961 fuel tank protection modernization kits and certain tools for the Marine's Cougar Mine Resistant Ambush Protected vehicles. Work will be performed in Charleston, S.C., and is expected to be completed no later than March 30, 2012.
The Company previously announced on May 2, 2011, an order for 1,130 fuel tank kits with an approximate value of $18.8 million.
Global Military Ground Vehicles Maintenance, Repair & Overhaul (MRO) Market 2013-2023
Phil Ciarlo, Chief of Operations for Force Protection, said, "This additional fuel tank protection kit order continues the important modernization work for the installed Cougar fleet and ensures that additional vehicles will receive the best available protection for their fuel systems."
Source : Force Protection, Inc. (NASDAQ: FRPT)
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