Force Protection Receives $52.8 M for Buffalo Route Clearance Vehicles
Published on ASDNews: Jul 29, 2009
(Ladson, SC., July 27, 2009) -- Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a modification to contract W56HZV-08-C-0028 from the United States Army Tank- automotive and Armaments Command (TACOM) for approximately $52.8 million for 48 Buffalo Mine Protected Clearance Vehicles (MPCV). This contract modification is subject to definitization. The work will be performed in Ladson, SC and is expected to be completed prior to January 31, 2010. As
a result of this award and a continued commitment to the Buffalo program, Force Protection on July 27th, 2009 amended and extended its lease for building 3 at its Ladson, SC facility until June 30, 2014.
Michael Moody, Chief Executive Officer of Force Protection, commented, "This order from TACOM is representative of the ongoing demand and requirements for the Buffalo as an integral component of the United States Army's route clearance companies for the long term. The extension of our lease for the Buffalo manufacturing facility is an indication of our commitment to meeting the current and future requirements for Buffalo and its vital mission."
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