Spartan Motors, Inc. gaining on sub's new subcontract orders
Shares of Spartan Motors, Inc. (Nasdaq: SPAR) are trading higher ahead of the bell this morning after its subsidiary Spartan Chassis, Inc. reported it has been awarded new subcontract orders worth approximately $53 million from defense contractor BAE Systems.
The company said the contract will support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected (MRAP) program.
Shares of Spartan Chassis edged up $0.30, or 2.38%, to $12.89 in pre-market trading.
