Ladson SC (SPX) Dec 21, 2010
Force Protection Industries has announced that it has reached a significant milestone during 2010 with the receipt to date of more than $1 billion in new orders.
A modification to contract M67854-07-C-5031 on December 15, 2010 for approximately $13.4 million from the U.S. Marine Corps Systems Command to provide additional field service support propelled the total orders received during 2010 beyond the $1 billion mark.
Of the orders received, approximately 53% were associated with modernization, spares and sustainment for the Company's installed fleet of over 4,500 vehicles worldwide. New vehicle orders accounted for approximately 47% of the total.
Randy Hutcherson, Chief Operating Officer for Force Protection Industries, Inc., said, "This important milestone is the result of the hard work and attention that we placed on a number of initiatives during 2010. These efforts included continued expansion of our Kuwait operations and leaning forward in Afghanistan to capitalize on opportunities to provide much needed upgrades and modernization on our existing fleet of vehicles and MRAPs supplied by other OEMs, as well as providing spares and sustainment for our vehicles in the ongoing operations that have now transitioned from Iraq to Afghanistan.
"Just as important was our focus on obtaining additional Buffalo and Cougar vehicle orders, as well as the design, development and successful marketing of the Ocelot for competition in, and ultimate contract award for, the United Kingdom's Light Protected Patrol Vehicle program in which deliveries are scheduled to begin in the second half of 2011.
"I am extremely proud of the outstanding efforts from all of our employees worldwide who contributed to the success of the company in 2010. We look forward to continuing to grow the business from the strong base that has been established."
Michael Moody, Chairman and Chief Executive Officer of Force Protection Inc., further commented, "Responding to the needs of the customer remains paramount, and today's announcement is a direct reflection on the significant efforts we have undertaken to further differentiate Force Protection in the marketplace.
"As we have done with the development of the uniquely-positioned Ocelot, Force Protection will continue to leverage its innovative and nimble operating culture to provide our customers with exceptional survivability solutions and ensure that the troops have the best resources available to promote success on the battlefield."
Share This Article With Planet Earth
The Military Industrial Complex at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
US DoD Fears Budget Axe
Newtown CT (SPX) Dec 17, 2010
According to Forecast International's latest analysis of the U.S. defense market, the DoD budget is facing mounting pressure from both sides of the aisle as lawmakers struggle to rein in trillion-dollar deficits. "The extent of the damage remains to be seen, however, as there is a fundamental disagreement over whether the Pentagon's coffers should be subject to the same scrutiny and cuts a ... read more
First MEADS Battle Manager Ready For System Tests|
First European Missile Successfully Carries Out Ballistic Intercept
Poland asked US about missile shield uses: WikiLeaks
Obama vows to pursue US missile defense plans
India tests two nuclear-capable missiles
France to sell HOT missile to Lebanon
Pakistan test fires nuclear-capable missile
Western Military District Gets First Iskander Tactical Missile System
Euro Hawk UAV Shows Stamina With 30-Hour Flight
Critical Global Hawk Sensor Delivered To USAF
US drone missiles kill 25 in Pakistan
France to decide on MALE drone soon
IBCS Completes Warfighter-Centered Design Exercises
Arianespace Will Orbit Sicral 2 Milcomms Satellites
Codan Receives JITC Certification For 2110 HF Manpack
Northrop Grumman Bids for Marine Corps Common Aviation CnC
Eurocopter EC725 Helicopters Delivered To Brazilian Armed Forces
C-17 Fleet Surpasses 2 Million Flight Hours
Argentina military grapples with old stuff
Radiant Mercury System Certified
Russia's arms exports at record high
Israel still eyeing free F-35s
African Defense Spending Growth Expected To Slow
First Multi A4 FSA MAN Military Vehicles For German Military
China slams Japan's 'irresponsible' policy
Obama to welcome China's Hu Jintao January 19
Japanese coastguard officer resigns over video leak
US defense chief to China, Japan
Navy test fires electromagnetic cannon
Joint High Power Solid State Laser Keeps Lasing And Lasing
Boeing Installing Beam Control System On HEL Laser Demonstrator
Maritime Laser System Shows Higher Lethality At Longer Ranges
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|