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January22, 2008 - News from Army-Guide.com >> |
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Force Protection Receives $74 M ILS Contract From U.S. Marine Corps Ladson, SC. -- Force Protection, Inc. announced that it has received through its wholly owned subsidiary, Force Protection Industries, Inc., a $74,130,482 million contract for integrated logistics support (ILS) on the Company's Cougar MRAP Category I and Category II vehicles. "Force Protection recognizes the importance of supporting the vehicles' performance in the field," said Force Protection Industries' Vice President for Integrated Logistics Support, Phillip Owens. "The Company's ILS business segment has kept pace with the rush to field these life-saving vehicles. This contract is indicative of our continued efforts to ensure troops have the vehicles in service and to provide them the maximum protection possible." Force Protection Industries' ILS division focuses on the maintenance and replacement parts support of the Company's Cougar and Buffalo armored vehicles deployed in Iraq and Afghanistan. The vehicles have been delivered to the U.S. government in record numbers in the past year. The Company's Cougar and Buffalo vehicles have been regarded as the gold standard in troop safety since their initial deployment in 2003. They have withstood more than 3,000 blast attacks while being used by explosive ordnance disposal, route clearance, and other first response units. Source: Force Protection Inc. Tenix sells defence businesses to BAE Systems Australia Tenix has agreed to sell its defence businesses in their entirety to BAE Systems Australia, which is a subsidiary of BAE Systems Plc (BAES). The sale of these defence businesses is subject to regulatory and other approvals, and is expected to be finalised during the first half of the 2008 calendar year. BAES is a global defence and aerospace company delivering products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. "BAES is one of the largest defence companies in the world with a record of innovation and leadership in the defence sector," said Tenix Chairman Paul Salteri. "BAES's purchase of Tenix's defence businesses will position these operations for the future through access to enhanced R&D, expanded distribution networks and access to greater capital. "BAES has the scale, the depth of production activities and the experience to achieve the objectives that we set at the start of this sale process of fostering international growth for Tenix's defence businesses. "From a personal perspective, once completed, this sale will bring to an end my family's long association with the defence industry and I would like to thank all the men and women who have worked so hard for Tenix over the years and helped make these defence operations the great businesses they are. "I wish Tenix's defence employees all the very best for what I expect to be a bright future," Mr Salteri said. The sale process involving Tenix's infrastructure business is ongoing. Source: Tenix |
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January22, 2008 - News from Army-Guide.com >> |
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