General Dynamics Receives $47 Million for Mine-Protected Vehicle Spares
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has received a $47.2 million order for spare parts from Force Protection Inc. for the U.S. Mine Resistant Ambush Protected (MRAP) vehicle program.
Force Protection (NASDAQ: FRPT) and General Dynamics have a partnership to share in the production and program management of MRAP vehicle contacts.
General Dynamics was previously awarded a $188.8 million work order from Force Protection to produce 401 vehicles for the MRAP vehicle program. The latest delivery order purchases spare parts for Force Protection’s category I 4X4 and category II 6X6 Cougar vehicles. Work will be performed by existing General Dynamics’ employees in Sterling Heights, Michigan.
About Force Protection
Force Protection 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.
About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 83, 000 people
Worldwide and anticipates 2007 revenues of more than $27 billion. The company is a market leader in business aviation; land and expeditionary combat systems; armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.
November 27, 2007
Contact: Peter M. Keating
Tel: (586) 825-7930
|Join the GlobalSecurity.org mailing list|