Ladson, SC - Force Protection, Inc. (OTCBB:FRPT) today announced a follow-on order by the U.S. Marine Corps for 15 additional Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV). The order, which includes associated support items and services, is worth an estimated $9.3 million.
The U.S. Department of Defense awarded Force Protection a contract for 79 Cougar JERRVs in May. This marks the second delivery order made under the contract in less than two months. All vehicles will be manufactured and delivered to the government this calendar year.
“The Joint IED Defeat Organization is funding these vehicles in a manner that leaves no question as to how urgently they are needed,” said Force Protection CEO Gordon McGilton. “We are responding in kind not only with this life-saving technology, but with the resources necessary to maintain the vehicles at the highest levels of performance.”
Force Protection has placed more than 30 Field Service Representatives (FSRs) in the field to assist the armed forces in training and vehicle maintenance in Iraq and Afghanistan.
“We have a proven solution to counter IEDs in the Cougar JERRV,” said Vice President for Marine Corps Programs Wayne Phillips. “It is being fielded in greater numbers every day, and with the support system created by the deployment of our FSRs, troops will continue to have the resources that ensure optimal use of these 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 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.
Force Protection, Inc.
22.06.2006