Force Protection Selected for United Kingdom Wolfhound Tactical Support Vehicle
November 21 2008 - 8:20AM
Business Wire
Force Protection Inc.�s (NASDAQ:FRPT) speed of response and ability
to perform to customer requirements is playing a key role in
winning new orders for its range of survivability solutions.
Chairman and Chief Executive Officer Michael Moody, pointed to
Force Protection�s selection by the United Kingdom Ministry of
Defence as the preferred bidder for the Wolfhound Tactical Support
Vehicle (Heavy) program as an example of the way his company is
strengthening its capability to respond to urgent operational
requirements, �We completed design work and built two prototypes
for Wolfhound, which is based on our highly successful Cougar
vehicle, in just 90 days. During this time we also carried out
blast tests and mobility trials.� Executive Vice President for
Customer Operations Damon Walsh stated, �The selection of Force
Protection to produce the Wolfhound confirms our responsiveness to
customer needs. We offer our customers, including the United
Kingdom Ministry of Defence, the flexibility to set aggressive
production schedules to meet their unique requirements. In
addition, our vehicles, once delivered, continue to demonstrate an
operational readiness rate exceeding 90 percent. Many truck
manufacturers worldwide offer the capability to deliver large
quantities; what sets Force Protection apart is having both
delivery performance capability and the most survivable,
sustainable vehicles in the field.� Force Protection proposes to
deliver these vehicles in conjunction with their UK integration
partner, NP Aerospace. Two customised Cougar variants are already
featured in major United Kingdom Ministry of Defence programs. The
Mastiff 6x6 is in service with British forces in Afghanistan and
Iraq. Deliveries of the Ridgback 4x4 began in August of this year.
The United Kingdom Ministry of Defence has also recently ordered 24
more Mastiffs together with 14 Force Protection Buffalo route
clearance vehicles. Michael Moody said that the increasing adoption
of Force Protection vehicles by the UK, the United States, Italy,
France, Canada and Iraq was evidence that the company had, �The
right technology at the right time. Cougar and Buffalo continue to
prove their worth as the most survivable, sustainable vehicles on
the battlefield.� For details of the new Force Protection Wolfhound
Tactical Support Vehicle (Heavy) please visit:
http://www.forceprotection.net/models/tsv/ 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.
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