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April 30, 2007 |
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General Dynamics Receives $245 Million for Mine-Protected Vehicle Work
Joint venture with Force Protection, Inc.,shares $490 million program award
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of
General Dynamics (NYSE: GD), has received a work order for $244.5 million of a
$490 million contract awarded to Force Protection, Inc. (NASDAQ:FRPT) on April
24 to produce 1,000 vehicles for the U.S. Marine Corps’ Mine Resistant Ambush
Protected (MRAP) vehicle program.
Force Protection and General Dynamics have formed a joint venture, Force
Dynamics, to share in the production and program management of the MRAP
contact.
This latest MRAP delivery order purchases Force Protection’s category I 4X4
and category II 6X6 Cougar vehicles. Manufacturing will be performed in
Anniston, Alabama; Charlotte, Michigan; Ladson, South Carolina; Lima, Ohio;
Kings Point, North Carolina; and Sealy, Texas.
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
www.forceprotection.net.
About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 82,600 people
worldwide. 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 online at www.generaldynamics.com.
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