Armor Holdings, Inc. Receives $518 Million MRAP Award
JACKSONVILLE, Fla., July 16 /PRNewswire-FirstCall/ -- Armor Holdings (NYSE: AH), a leading manufacturer and distributor of military vehicles, vehicle armor systems and life safety and survivability systems serving military, law enforcement, homeland security and commercial markets, announced today the receipt of a new prime contract award by the U.S. Navy for $518.5 million to provide Mine Resistant Ambush Protected (MRAP) vehicles. Work will be performed in 2007 and early 2008 by the Armor Holdings Aerospace and Defense Group at its facilities located in Fairfield, Ohio and Sealy, Texas. Robert Schiller, President of Armor Holdings, Inc., said, "We are extremely proud that the Armor Holdings "Caiman" MRAP offering, which maximizes commonality with the U.S. Army's Family of Medium Tactical Vehicles (FMTV), has been selected by the U.S. Navy and Department of Defense leadership. We also look forward to our continued support for other MRAP vehicle suppliers and to the continuation of the FMTV and Up-Armored HMMWV programs. This new "Caiman" MRAP award adds to our customer's ability to provide additional quantities of deployable MRAP vehicles by year-end and we are honored to be such a significant participant in this vital program." About Armor Holdings, Inc. Armor Holdings, Inc. (NYSE: AH) is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets. Additional information can be found at www.armorholdings.com. Certain matters discussed in this press release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including the Company's Registration Statement on Form S-3, its 2006 Form 10-K and amendments thereto and most recently filed Forms 8-K and 10-Q.
SOURCE Armor Holdings, Inc.
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