Force Protection's sub scores $74M contract
Ballistics armored vehicles maker Force Protection, Inc. (Nasdaq: FRPT) said this morning that it received a $74.13 million contract for integrated logistics support on its Cougar MRAP Category I and Category II vehicles through its subsidiary, Force Protection Industries.
Force Protection Industries’ integrated logistics support division focuses on the maintenance and replacement parts support of the company’s Cougar and Buffalo armored vehicles deployed in Iraq and Afghanistan.
Shares of Force Protection (FRPT) jumped 10.34%, or $0.37, to $3.95 ahead of the opening. Shares of Force Protection have been trading in the range of $3.55 to $31.16 for the past 52 weeks.
