General Dynamics Receives $189 Million Order for Mine-Protected Vehicle Work
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has received a $188.8 million work order from Force Protection Inc. to produce 401 vehicles for the U.S. Marine Corps’ 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 the MRAP contact.
Force Protection was previously awarded a $376.6 million contract to produce 800 vehicles for the MRAP program. The latest MRAP delivery order purchases Force Protection’s category I 4X4 and category II 6X6 Cougar vehicles. Fabrication and assembly will be performed in Anniston and Oxford, Alabama; Charlotte, Michigan; Ladson, South Carolina; Lima, Ohio; Kings Point, North Carolina; and Sealy, Texas.
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 82,600 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.
October 22, 2007
Contact: Peter M. Keating
Tel: (586) 825-7930
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