FP Receives $185.9 M for 167 Buffalo Vehicles and 102 Bar Armor Kits
Michael Moody, Chairman and Chief Executive Officer for Force Protection said, "Today's announced modification provides Force Protection important revenue visibility into 2014. In addition, by securing Full Material Release and authorization to proceed to Full Rate Production, the Buffalo has achieved additional significant milestones on the path to achieving formal Program of Record status within the U.S. Army's installed fleet of vehicles."
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Mr. Moody concluded, "We remain extremely proud of the service record of the Buffalo and the countless Soldiers' lives saved performing critical route clearance missions. We will continue to work closely with the U.S. Army and other domestic services, as well as militaries worldwide, to ensure troops have the necessary resources to promote their success on the battlefield."
Source : Force Protection, Inc. (NASDAQ: FRPT)
Apr 7 - 8, 2014 - Washington, United States