Force Protection, Inc. (NASDAQ: FRPT) today announced that it has received a modification under contract M67854-06-C-5162 from Marine Corps Systems Command for the delivery of 24 additional Cougar Mastiffs to the United Kingdom Ministry of Defence. The undefinitized contract modification carries a dollar value not to exceed $15 million and includes vehicles and spare parts. The vehicles are scheduled for delivery in 2009. Michael Moody, Chairman and Chief Executive Officer of Force Protection, said, �We are very appreciative of this order for additional vehicles for the United Kingdom. The Mastiff has performed extraordinarily well for the British Army in support of its missions in the extremely rugged environment of Afghanistan. Our vehicles continue to be the most survivable, sustainable vehicles on the battlefield and we are delighted that we have the opportunity to continue to strengthen our partnership with the United Kingdom Ministry of Defence. The Mastiff has proven to be a life saver. Soon the Ridgback and Buffalo will join Mastiff in Afghanistan to provide excellent service to British Soldiers in harms way.� About Force Protection, Inc. Force Protection, Inc. is a leading American designer, developer and manufacturer of survivability solutions, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company�s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company also is the developer and manufacturer of ForceArmor� an armor package providing superior protection against explosively formed projectiles (EFPs) now available for a wide range of tactical-wheeled vehicles. The Company is one of the original developers and primary providers of vehicles for the U.S. military�s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net. Safe Harbor Language This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations are forward-looking statements. These statements are based on beliefs and assumptions by Force Protection�s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, our ability to fulfill the above described order on a timely basis, our ability to effectively manage the risks in our business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in the Company�s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company�s 2007 Annual Report on Form 10-K for the year ended December 31, 2007.
Freshpet (NASDAQ:FRPT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Freshpet Charts.
Freshpet (NASDAQ:FRPT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Freshpet Charts.