Overseas Civilian Contractors

News and issues relating to Civilian Contractors working Overseas

Force Protection Industries (M67854-07-D-5031)

Force Protection Industries, Inc., Ladson, S.C., is being awarded an $88,860,348 firm-fixed-price modification under previously awarded contract (M67854-07-D-5031) for a 12-month renewal of 240 field service representatives to install liner blanket kits, install modernization safety kits, and conduct general maintenance work on the Cougar Mine Resistant Ambush Protected vehicle fleet supporting Operation Enduring Freedom. Work will be performed in the theater of operations throughout Afghanistan, and is expected to be completed December 31, 2012. Contract funds will expire at the end of the current fiscal year. Marine Corps Systems Command, Quantico, Va., is the contracting activity

December 13, 2011 Posted by | Afghanistan, Civilian Contractors, Contract Awards, Government Contractor | , , | Leave a comment

General Dynamics to buy Force Protection for $360 million

(Reuters) November 7, 2011

Defense contractor General Dynamics (GD.N) said it would buy smaller rival Force Protection Inc (FRPT.O) for $360 million to expand its armored vehicle business.

Shares of Force Protection, which also swung to a quarterly profit, rose to $5.60 in pre-market trading, surpassing the offer price of $5.52 a share. General Dynamics’ offer is 31 percent more than Force Protection shares’ Friday closing price.

The deal for Force Protection comes as concerns linger over

massive defense budget cuts and an expected withdrawal of U.S. forces from Afghanistan and Iraq.

Force Protection, known for its Buffalo, Cougar and Ocelot brands of armored vehicles, on Monday posted a quarterly profit above analysts’ expectations.

The company ended the quarter with a funded backlog of $652 million and said it has “full visibility” for the delivery of about 100 Buffalos per year for both 2012 and 2013, with more shipments expected through April 2014.

General Dynamics, which makes armored vehicles, ships and business jets, expects the deal to add to earnings in 2012.

Force Protection, which has delivered more than 3,000 vehicles under the U.S. military’s Mine Resistant Ambush Protected (MRAP) vehicle program, will become a part of General Dynamics Land Systems, which makes Abrams main battle tanks and Stryker infantry combat vehicles.

November 7, 2011 Posted by | Government Contractor | , , | Leave a comment