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Over $1 billion in orders to Force Protection - Live5News.com | Charleston, SC | News, Weather, Sports

Over $1 billion in orders to Force Protection

LADSON, SC (WCSC) - Force Protection Industries, Inc., announced Thursday that it has had more than $1 billion in new orders this year.  

A Dec. 15 modification for approximately $13.4 million from the U.S. Marine Corps Systems Command to provide additional field service support propelled the total orders received during 2010 beyond the $1 billion mark.  

Of the orders received, approximately 53 percent were associated with modernization, spares and sustainment for the Company's installed fleet of over 4,500 vehicles worldwide. 

New vehicle orders accounted for approximately 47 percent of the total. 

"This important milestone is the result of the hard work and attention that we placed on a number of initiatives during 2010," said Randy Hutcherson, Chief Operating Officer for Force Protection Industries, Inc.

"Just as important was our focus on obtaining additional Buffalo and Cougar vehicle orders, as well as the design, development and successful marketing of the Ocelot for competition in, and ultimate contract award for, the United Kingdom's Light Protected Patrol Vehicle program in which deliveries are scheduled to begin in the second half of 2011,"  he said.

Michael Moody, Chairman and Chief Executive Officer of Force Protection Inc., further commented, "Responding to the needs of the customer remains paramount, and today's announcement is a direct reflection on the significant efforts we have undertaken to further differentiate Force Protection in the marketplace.  As we have done with the development of the uniquely-positioned Ocelot, Force Protection will continue to leverage its innovative and nimble operating culture to provide our customers with exceptional survivability solutions and ensure that the troops have the best resources available to promote success on the battlefield."

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