British Ministry Of Defense To Purchase Additional Armored Vehicles From Force Protection, Inc.
Force Protection, Inc. (NASDAQ:FRPT) today announced that it recently received a contract modification from the British Ministry of Defence for 22 additional Cougar Mastiff Protected Patrol Vehicles (Mastiff PPV). The order will bring the total number of vehicles produced for the British government to 108 at an approximate value of $70.1 million.
Under the contract awarded in August 2006, Force Protection expects to deliver the vehicles by the end of June 2007.
“Force Protection has worked hard to get its lifesaving armored vehicles to U.S. armed forces and their allies throughout the world,” said Force Protection CEO Gordon McGilton. “We are gratified by this contract modification which is indicative of the vital role these vehicles play in increasing troop safety, and are pleased to provide these vehicles to the British military.”
The Mastiff PPV is based on Force Protection’s Cougar Explosive Ordnance Disposal (EOD) vehicle, which has been deployed with combat engineers and first response teams in Iraq and Afghanistan for more than three years. The first deliveries of the Mastiff PPV were shipped ahead of schedule in November 2006.
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