Force Protection, Inc. Ahead of MRAP Vehicle Production Schedule.LADSON, S.C. -- Leading armored vehicle manufacturer Force Protection, Inc. (Nasdaq:FRPT FRPT Force Protection, Inc. (stock symbol) ) today announced that it is ahead of its Mine Resistant Ambush Protected (MRAP MRAP Mine Resistant Ambush Protected (military vehicle) MRAP Mouvement contre le Racisme et Pour l'AmitiƩ entre les Peuples (French antiracism movement) MRAP Melanocortin-2 Receptor Accessory Protein ) production schedule for the month of August. The company has produced more than 50 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. vehicles to support the U.S. Department of Defense MRAP program. The Category II Cougar 6x6 vehicle commitment for August has already been shipped. "We have not yet closed August and are well ahead of our production objectives," said Force Protection COO Raymond Pollard. "This is indicative of the efficiencies of our proven manufacturing processes that are producing a proven solution which has effectively countered more than 3,000 mine detonations and IED Noun 1. IED - an explosive device that is improvised I.E.D., improvised explosive device explosive device - device that bursts with sudden violence from internal energy attacks in the past four years." The Pentagon has awarded Force Protection contracts for more than 1,900 Cougar and Buffalo vehicles to support its Category I, II, and III MRAP program requirements. "This is also reflective of the fact that our efforts to mobilize industry resources through our partnering agreements are having their intended effects," added Pollard. "We will continue to do everything necessary to meet the needs of our customers and the men and women who depend on these vehicles." Force Protection's Cougar and Buffalo vehicle series have been deployed in Iraq and Afghanistan since 2003. They have become the gold standard for troop safety, and their proven performance has formed the basis for the MRAP vehicle program. In addition to its own production capacity, Force Protection has created a joint venture with 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 to increase both capacity and deliveries under its MRAP program awards. About Force Protection Inc Force Protection, Inc. (NASDAQ: FRPT) is a leading manufacturer of Mine Resistant Ambush Protected vehicles (MRAP), which have been used to support armed forces and security personnel in Iraq, Afghanistan, Kosovo and other hot spots around the world. . Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect 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 Noun 1. improvised explosive device - an explosive device that is improvised I.E.D., IED explosive device - device that bursts with sudden violence from internal energy (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net. About General Dynamics General Dynamics Land Systems, a business unit of General Dynamics (NYSE NYSE See: New York Stock Exchange :GD), is headquartered in Falls Church Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va., employs approximately 82,900 people worldwide and anticipates 2007 revenues of approximately $27 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com. This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law. |
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