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January 3, 2008 |
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General Dynamics Receives $99 Million for Mine-Protected Vehicle Work
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of
General Dynamics (NYSE: GD), has received a $99 million work order from Force
Protection Inc. to produce 183 Cougar vehicles 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 contact.
Force Protection was previously awarded a $379 million contract to produce 358
vehicles for the MRAP program. The latest MRAP order is for Force Protection’s
category I 4X4 and category II 6X6 Cougar vehicles. Fabrication and assembly
will be performed in Anniston and Oxford, Alabama; Charlotte and Detroit,
Michigan; Ladson, South Carolina; and Lima, Ohio.
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
83,000 people worldwide and anticipates 2007 revenues of more than $27 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.
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