General Dynamics Receives $99 Million for Mine-Protected Vehicle Work

Date : 01/03/2008 @ 2:30PM
Source : PR Newswire
Stock : Force Protection (MM) (FRPT)
Quote : 2.35  -0.17 (-6.75%) @ 8:00PM
<< BackQuote Chart Financials

 



General Dynamics Receives $99 Million for Mine-Protected Vehicle Work

STERLING HEIGHTS, Mich., Jan. 3 /PRNewswire-FirstCall/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE:GD), has received a $99 million work order from Force Protection Inc. to produce 183 Cougar vehicles for the 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 $379 million contract to produce 358 vehicles for the MRAP program. The latest MRAP order is for Force Protection's category I 4X4 and category II 6X6 Cougar vehicles. Fabrication and assembly will be performed in Anniston and Oxford, Alabama; Charlotte and Detroit, Michigan; Ladson, South Carolina; and Lima, Ohio.

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 http://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 http://www.generaldynamics.com/.

DATASOURCE: General Dynamics Land Systems

CONTACT: Peter M. Keating of General Dynamics, +1-586-825-7930, Cell,

+1-586-665-0065

Web site: http://www.generaldynamics.com/

http://www.forceprotection.net/

<< Back


Force Protection (MM) Historical Chart Force Protection (MM) Intraday Chart  
Period


LSE and PLUS quotes are live. NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Request an Exchange :: Affiliate Scheme
Copyright1999-2008 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs
ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy
34 site:2us 081007 22:53 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2007 )