E D O (NYSE:EDO)
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EDO Corporation (NYSE: EDO) has been awarded an order by
the Marine Corps for field service support in Iraq for the Cougar
family of vehicles and the Buffalo mine-protected clearance vehicles.
The task order carries a base year value of $4.5 million with two
option years, each with potential revenue of more than $5 million. The
order was awarded under the Commercial Enterprise Omnibus service
support process for the Marine Corps Systems Command.
"EDO's field service technicians are building a solid reputation
for excellence across a wide range of battlefield-communications
applications where our armed forces have a presence," said James M.
Smith, EDO's chief executive officer. "EDO's facility in Charleston,
S.C. outfits these life-saving vehicles with communications equipment,
so providing the technical maintenance support is a natural
progression."
The Cougar family is a group of medium sized mine-protected
vehicles that can be used for command and control, troop transport,
field ambulance, and mine and explosive ordnance disposal. The Buffalo
is a 23-ton, advanced mine resistant armored vehicle designed for
route clearance by allowing patrols a closer look at suspected
improvised explosive devices.
Force Protection, Inc. (OTCBB:FRPT), in Ladson, S.C., manufactures
the Cougar and Buffalo vehicles and is the world's leading
manufacturer of ballistic- and blast-protected vehicles, which have
been used to support armed forces and security personnel in Iraq,
Afghanistan, Kosovo and other hot spots around the globe.
EDO Corporation designs and manufactures a diverse range of
products for defense, intelligence, and commercial markets. Major
product groups include: Defense Electronics, Communications, Aircraft
Armament Systems, Undersea Warfare, Integrated Composite Structures,
and Professional and Engineering Services. EDO's advanced systems are
at the core of the transformation to lighter, faster, and smarter
defense capabilities.
With headquarters in New York, EDO Corporation (www.edocorp.com)
employs 3,000 people worldwide. The company was founded in 1925 and
had revenues of $648 million in 2005.