General Dynamics Receives $44 Million for Mine-Protected Vehicle Spare Equipment

STERLING HEIGHTS, Mich., Feb. 4 /PRNewswire-FirstCall/ -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has received $44 million in two work orders from Force Protection Inc. for contractor logistics and spare parts 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 contract.

The contractor logistics support and spare parts are for maintaining the operational readiness rates of MRAP vehicles deployed with the U.S. armed forces overseas. MRAP spare parts will be ordered by field service technicians employed by General Dynamics Customer Service and Support Company operating from Shelby Township, Mich.

About Force Protection

Force Protection Inc. is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military's Mine Resistant Ambush Protected, or MRAP, vehicle program.

About General Dynamics

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 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 www.generaldynamics.com.

SOURCE General Dynamics Land Systems



Loading