CHARLOTTE, Michigan, April 8, 2008 – Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced it has been awarded two new subcontract orders worth approximately $45 million to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program.
Under the terms of the new subcontracts, the Mich.-based custom chassis manufacturer will supply and integrate key chassis components for MRAP military vehicles manufactured by two of the leading defense contractors of these heavily-armored vehicles, Force Protection, Inc. which placed an order for 184 units, and General Dynamics Land Systems which ordered 180 units.
“The MRAP program remains a high priority for the military, and Spartan Chassis is dedicated to continuing to provide our expertise as long as the need exists,” said Richard Schalter, president of Spartan Chassis. “We are proud that we have contributed to supplying these life-saving vehicles to our troops overseas.”
MRAPs are prized by the military for their V-shaped hulls, raised chassis and improved armor, which help protect servicemen and women from improvised explosive devices, or IEDs, mines and other hazards of war.
About Spartan Chassis, Inc.:
Spartan Chassis, Inc., a subsidiary
of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer
of custom chassis for recreational vehicles, fire trucks and specialty
vehicles. Spartan Motors (www.spartanmotors.com), which also manufactures emergency rescue vehicles under
the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported
sales of $681.9 million in 2007 and is focused on becoming the premier
manufacturer of specialty vehicles and chassis in North America.
About Force Protection, Inc.:
Force Protection, Inc. (Nasdaq: FRPT) is a leading American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar and the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles,
visit www.forceprotection.net.
About General Dynamics Land Systems:
General Dynamics Land Systems, headquartered in Sterling Heights, Michigan, is a wholly owned subsidiary of General Dynamics Corporation (NYSE: GD). The company employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. The company is a market leader in business aviation; land and expeditionary combat systems; armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is
available on the Internet at www.generaldynamics.com.
CONTACT:
Karen Hildebrant
Spartan Chassis, Inc.
(517) 543-6400 x. 3111
Jeremy Bakken, Jeff Lambert
Lambert, Edwards & Associates, Inc.
(616) 233-0500
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