Force Dynamics Names Board of Directors.LADSON, S.C. -- Force Dynamics, L.L.C. -- a joint venture between Force Protection, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FRPT FRPT Force Protection, Inc. (stock symbol) ) and General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. Land Systems, a business unit of General Dynamics Corporation (NYSE NYSE See: New York Stock Exchange :GD) -- today named the members of its board of directors. Force Protection's COO Raymond Pollard will serve as chairman, with the company's Vice President for Program Management Damon Walsh as Secretary. General Dynamics Land Systems' Mark Roualet, Senior Vice President Ground Combat Systems will serve as Vice Chairman, and Susan Young, Director Production Finance & Estimating, as Treasurer. Richard Hamilton, Force Protection's Vice President for Finance and John Gonias, General Dynamics Land Systems Vice President Contracts serve as members at large. Mark Savarese of General Dynamics was named Program Director for the joint venture. Force Dynamics was recently awarded a four-vehicle test and evaluation contract from the U.S. Marine Corps Systems Command Marine Corps Systems Command (MARCORSYSCOM) is located at MCB Quantico. Mission Serve as the Commandant's principal agent for acquisition and sustainment of systems and equipment used by the operating forces to accomplish their warfighting mission. to produce vehicles for the joint Department of Defense Mine Resistant Ambush Protected (MRAP MRAP Mine Resistant Ambush Protected (military vehicle) MRAP Mouvement contre le Racisme et Pour l'Amitié entre les Peuples (French antiracism movement) MRAP Melanocortin-2 Receptor Accessory Protein ) vehicle program. Force Dynamics was formed to offer Force Protection's Cougar cougar: see puma. cougar or puma or mountain lion or panther Species (Puma concolor) of large, graceful cat that lives in a wide variety of habitats in the Americas, from southern Alaska to Patagonia. 4x4 and 6x6 medium mine-protected vehicles as Category I and II MRAP solutions. The joint venture combines the proprietary vehicle designs of Force Protection with General Dynamics expertise in program management, systems engineering, service support and manufacturing capacity. About Force Protection Force Protection manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . These specialty vehicles are protected against landmines, hostile fire In insurance law, a combustion that cannot be controlled, that escapes from where it was initially set and confined, or one that was not intended to exist. A hostile fire differs from a friendly fire, which burns in a place where it was intended to burn, such as one confined , 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 Land Systems, a business unit of General Dynamics (NYSE:GD), designs, manufactures and supports land and amphibious combat systems for the U.S. Army, U.S. Marine Corps, and allied nations. Headquartered in Falls Church, Va., General Dynamics employs approximately 81,100 people worldwide and expects 2006 revenue of approximately $24 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. ; shipbuilding and marine systems; and business aviation. More information on General Dynamics can be found online at www.generaldynamics.com. This release contains forward-looking statements, including, without limitation, statements concerning the businesses, future plans and objectives and the performance of their products. These forward-looking statements involve certain risks and uncertainties which ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The companies caution that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the companies' Forms 10-K or 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The companies undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. |
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