Thursday, June 30, 2011

DTN News - FORCE PROTECTION DEFENSE NEWS: Force Protection Receives $71.3 Million In Awards For Additional Buffalo Vehicles And Field Service...# 2153

DTN News - FORCE PROTECTION DEFENSE NEWS: Force Protection Receives $71.3 Million In Awards For Additional Buffalo Vehicles And Field Service....NSI News Source Info # 2153

(NSI News Source Info) TORONTO, Canada - June 30, 2011: Force Protection Industries, Inc., a FORCE PROTECTION, INC. (NASDAQ:FRPT) group company, today announced it has received two awards totaling $71.3 million.

The first award is a firm fixed price modification under contract W56HZV-08-C-0028 totaling $63.8 million from U.S. Army Contracting Command for delivery of 56 Buffalo Mine Protected Clearance Vehicles. Work will be performed in Ladson and is expected to begin in January 2012 and be completed by July 31, 2012.

The second award is a $7.5 million firm-fixed-price modification under previously awarded contract M67854-07-D-5031 for a six-month renewal of 55 Field Service Representatives (FSRs) to conduct general maintenance and upgrade operations on Mine Resistant Ambush Protected (MRAP) vehicles. Work will be performed in overseas theaters of operation, and is expected to be completed by Dec. 31, 2011.

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