Force Protection wins $52.8 million contract for US Army's Buffalo MPCV

Force Protection, Inc., a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a contract from the United States Army Tank- Automotive and Armaments Command (TACOM) ordering 48 Buffalo Mine-Protected Clearance Vehicles (MPCV), with a value of approximately $52.8 million. This contract modification is subject to definitization. Work will be performed in Ladson, SC and is expected to be completed prior to September 2010. The Company noted that it continues to expect additional orders under this program and to make total deliveries of over 100 Buffalos during fiscal 2010. The company is producing the vehicles under Low Rate Initial Production and moving toward a full material release. Michael Moody, Chief Executive Officer of Force Protection, commented, “Buffalo continues to be one of the most sought after vehicles on the battlefield and is critically important to route clearance operations in Afghanistan. We are pleased to receive this new delivery order and anticipate continued demand and incremental orders. We are well positioned to serve the substantial and ongoing need for additional Buffalos for the United States Army and other customers.”