Marmen Signs MoU with Force Protection Industries
The Canadian Government previously selected Force Protection Industries, Inc. as one of the qualified companies to provide up to 600 wheeled combat vehicles and related long term support services. The Department of National Defence (DND) expects to award a contract to the final selected bidder in 2012.
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In signing the MoU, Marmen has joined Team Timberwolf, led by Force Protection Industries and CAE. CAE would have overall responsibility for the comprehensive in-service support (ISS) solution. Team Timberwolf is also composed of Canadian Tier 1 subcontractors Lockheed Martin Corporation, Elbit Systems Land and C4I (ESLC) and Malley Industries.
"We are very pleased to be part of Team Timberwolf," said Patrick Pellerin, President of Marmen. "As an organization and as individuals, we take great pride in knowing that Marmen's expertise and know-how can contribute to the safety of our Canadian troops."
"Marmen was selected for the Timberwolf project based on the unmatched quality of its manufacturing and machining services, and we expect them to play a pivotal role in making what we think is the optimal vehicle for the Canadian Forces," said Randy Hutcherson, Chief of Business Development of Force Protection. "In assembling Team Timberwolf, we have put together a dynamic group of Canadian companies with complementary capabilities that can deliver a low-risk, cost-effective, long-term TAPV solution to Canada."
"Winning this project will allow Marmen to diversify and grow, yet we also expect the benefits of this project to extend beyond our own organization," added Mr. Pellerin. "In addition to creating approximately 100 jobs at Marmen, the positive economic impact will certainly be felt throughout our region."
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Source : Force Protection, Inc. (NASDAQ: FRPT)