Force Protection, Inc. (OTCBB:FRPT) today announced it has been awarded a contract by the British Ministry of Defense for more than 85 Cougar Explosive Ordnance Disposal (EOD) vehicles. These vehicles will be known as Mastiff Protected Patrol Vehicles (Mastiff PPV). The contract also includes associated spares, technical manuals, and field service support and is worth approximately $63 million.
"The success that U.S. forces have had with our vehicles since 2003 has been noted by government and military leaders around the world," said Vice President for Army Programs Damon Walsh. "We are rapidly expanding into international defense communities based on the results-driven reputation of Cougar's counterblast technology."
Force Protection's Cougar and other mine-protected vehicles have been deployed with combat engineers and EOD teams for more than three years. First deliveries on the new contract will ship from Charleston, SC in November 2006.
"We judge that this vehicle meets our requirement for a well-protected, wheeled patrol vehicle," said British Secretary of State for Defense Des Browne in an address to Parliament in July. "We have received excellent cooperation from the U.S. government, military and industry - an example of the special relationship bringing real benefits for our (British) soldiers on the ground."
After literally thousands of IED and landmine detonations against its vehicles, Force Protection continues to "protect and save lives" around the globe. To date, it has experienced no fatalities in any of its vehicles.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
For more information on Force Protection and its vehicles, go to www.forceprotection.net.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.