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FRPT Freshpet Inc

121.01
11.43 (10.43%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Freshpet Inc NASDAQ:FRPT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  11.43 10.43% 121.01 109.69 123.00 127.00 116.50 124.62 2,507,004 01:00:00

Canadian Forces to Receive Additional Force Protection Vehicles

17/11/2008 9:05pm

Business Wire


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Force Protection, Inc. (NASDAQ: FRPT) today announced that it has received a modification under contract M67854-07-C-5039 for the delivery of 14 of its Buffalo A2 route-clearance vehicles and 34 of its Cougar vehicles to the Canadian Government. The undefinitized contract modification carries a dollar value not to exceed $49.4 million and includes vehicles, spare parts and field support. The vehicles are scheduled for delivery in 2009. This represents the second order for Force Protection vehicles by the Canadian Government. In 2007, Force Protection delivered five Buffalo and five Cougar vehicles for the Canadian Expeditionary Force Command. Michael Moody, Chairman and Chief Executive Officer of Force Protection, stated, “Our NATO allies continue to face threats from roadside bombs, landmines and many other types of improvised explosive devices. We are delighted that the Canadian military will be receiving this life saving equipment for use in supporting their operations in the global war on terror. This order further solidifies our belief that the Cougar and Buffalo are proving to be the most survivable, sustainable vehicles on the battlefield. We are very pleased that the Canadian government has chosen to procure additional vehicles from Force Protection.” About Force Protection, Inc. Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability solutions, 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, 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 also is the developer and manufacturer of ForceArmor™ an armor package providing superior protection against explosively formed projectiles (EFPs) now available for a wide range of tactical-wheeled vehicles. 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. For more information on Force Protection and its vehicles, visit www.forceprotection.net. Safe Harbor Language This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations are forward-looking statements. These statements are based on beliefs and assumptions by Force Protection’s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual result to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, our ability to fulfill the above described order on a timely basis, our ability to effectively manage the risks in our business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s 2007 Annual Report on Form 10-K for the year ended December 31, 2007.

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