DTN News - CANADIAN DEFENSE NEWS: Force Protection Submits Bid For Canada's Tactical Armoured Patrol Vehicle Project

DTN News - CANADIAN DEFENSE NEWS: Force Protection Submits Bid For Canada's Tactical Armoured Patrol Vehicle Project

Source: DTN News - - This article compiled by Roger Smith from reliable sources Force Protection

(NSI News Source Info) TORONTO, Canada - September 1, 2011: Force Protection Industries, Inc., a FORCE PROTECTION, INC. (NASDAQ:FRPT - News) group company, today announced the submission of a bid and test vehicle to the Canadian Forces for the Tactical Armoured Patrol Vehicle (TAPV) project.

Force Protection is offering the Canadian Forces a 6x6 variant of the battle proven Cougar wheeled combat vehicle developed by Force Protection to meet the TAPV requirements. Force Protection will be the design authority and have overall responsibility for the acquisition contract to supply the TAPV vehicles and maintain configuration control.

As Force Protection's main Canadian partner, CAE will have overall responsibility for the comprehensive in-service support (ISS) solution, including: vehicle operator and mission training systems; engineering information environment; fleet management services; systems engineering support; and, lifecycle and integrated logistics support services. CAE will also be responsible for assembling a pan-Canadian team of companies to develop and support any country-specific requirements for Canada's replacement fleet of tactical armored patrol vehicles.

Force Protection and CAE previously announced a collaboration that includes Elbit Systems as the provider for a dual remote weapons system (DRWS) and Lockheed Martin Canada as the provider of C4ISR suite for the Timberwolf vehicle. Elbit Systems' Land and C4I DRWS was chosen based on its superior performance, reliability and ease of integration. Lockheed Martin Canada was chosen as the C4ISR integrator for Timberwolf based on its recognized capability in the development, production and support for integrated C4 systems.

Randy Hutcherson, Chief of Business Development for Force Protection, said, "Partnered with CAE, Force Protection is pleased to formally submit Timberwolf as the optimal solution for the TAPV project. Along with our key providers, we are committed to offering the Canadian Forces a highly-protected and reliable vehicle, as well as Industrial and Regional Benefits that will contribute to investment in Canadian industry and provide further experience and capability in the armored vehicle market."

A contract award to the final selected bidder for the TAPV requirement is currently expected by the second quarter of 2012.

About Force Protection, Inc.

Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-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, including the Buffalo, Cougar, Ocelot and the related variants of each, are designed specifically for reconnaissance and other operations and protect their occupants from landmines, hostile fire, and improvised explosive devices (commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing the JAMMA, a new vehicle platform that provides increased modularity, transportability, speed and mobility. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of skilled field service representatives, and advanced driver and maintenance training programs. For more information on Force Protection and its products and services, visit www.forceprotection.net.

Force Protection's Safe Harbor Statement

This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection's management, and on information currently available to management. These forward-looking statements include, among other things: the growth, demand and interest for Force Protection's services and products, including the Cougar and Timberwolf; expectations for future programs and the related timing of proposals and awards; the ability to meet current and future requirements; the ability to drive manufacturing and operational efficiencies; and, the Company's execution of its business strategy, including its development initiatives and opportunities to broaden its platform. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company's business; the ability to win future awards and finalize contracts; and the other risk factors and cautionary statements listed in the Company's periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2010 and Form 10-Q for the three and six months ended June 30, 2011.

*Link for This article compiled by Roger Smith from reliable sources Force Protection

*Speaking Image - Creation of DTN News ~ Defense Technology News

*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News

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DTN News - CANADIAN DEFENSE NEWS: Oshkosh Defense Delivers Canadian TAPV For Government Testing

DTN News - CANADIAN DEFENSE NEWS: Oshkosh Defense Delivers Canadian TAPV For Government Testing

**Extensive DND testing to be carried out at Aberdeen Test Center

Source: DTN News - - This article compiled by Roger Smith from reliable sources Oshkosh

(NSI News Source Info) TORONTO, Canada / OSHKOSH, Wis. & OTTAWA, Ontario - August 29, 2011: Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK), today delivered the Oshkosh Tactical Armoured Patrol Vehicle (TAPV) to Aberdeen Test Center in Maryland where the Canadian Department of National Defence (DND) will conduct mobility, survivability and weapons testing. Oshkosh Defense’s response to the TAPV solicitation was submitted to the Public Works and Government Services Canada (PWGSC) last week.

“Today, Oshkosh has delivered the best solution for the TAPV program including the most advanced military vehicle technologies and the finest Canadian-based sustainment services for the DND,” said Serge Buchakjian, senior vice president and general manager of International Programs for Oshkosh Defense. “Our TAPV is a fully integrated vehicle that is customized to the Canadian Force’s specific requirements, offering them the best-value solution. With our partners at General Dynamics Land Systems-Canada and Oshkosh Corporation's London Machinery, Inc., we can produce the vehicle in a way that creates considerable benefits for the Canadian economy for the next 25 years.”

The TAPV is intended to replace the Armoured Patrol Vehicle (APV) and the Coyote reconnaissance vehicle, to help ensure the Canadian Army remains capable of effective training, supporting domestic operations and sustaining deployed forces as part of the Canada First Defence Strategy. The Oshkosh TAPV, which is based on the company’s proven Mine-Resistant Ambush Protected All-Terrain Vehicle (M-ATV) platform, leverages a mission-proven chassis and the patented TAK-4® independent suspension system used on more than 20,000 military-class vehicles, which have proven highly-effective in some of the most extreme operating environments, including Afghanistan.

In independent testing conducted to date, the Oshkosh TAPV has undergone on- and off-road durability validation, successfully met ballistic and other survivability threat requirements (including the use of steel-pot method for NATO STANAG blast tests), and completed extensive live-fire demonstrations of the fully integrated dual Remote Weapon Station (RWS). The combination of these activities demonstrates the effectiveness, maturity and reliability of the Oshkosh TAPV.

Oshkosh Defense is teamed with General Dynamics Land Systems-Canada and Oshkosh Corporation subsidiary London Machinery, Inc. (LMI) in its bid for the TAPV program. General Dynamics Land Systems-Canada will provide in-country support and system integration. LMI will contribute local advanced manufacturing capabilities to assemble the vehicle, conduct subsystem integration and final acceptance testing, which will be performed by its highly skilled workforce.

About Oshkosh Defense

Oshkosh Defense, a division of Oshkosh Corporation, is an industry-leading global designer and manufacturer of tactical military trucks and armored wheeled vehicles, delivering a full product line of conventional and hybrid vehicles, advanced armor options, proprietary suspensions and vehicles with payloads that can exceed 70 tons. Oshkosh Defense provides a global service and supply network including full life-cycle support and remanufacturing, and its vehicles are recognized the world over for superior performance, reliability and protection. For more information, visit www.oshkoshdefense.com.

About Oshkosh Corporation

Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh®, JLG®, Pierce®, McNeilus®, Medtec®, Jerr-Dan®, Oshkosh Specialty Vehicles, Frontline™, SMIT™, CON-E-CO®, London® and IMT®. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, visit www.oshkoshcorporation.com.

®, TM All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies.

Forward-Looking Statements

This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the expected level and timing of U.S. Department of Defense (DoD) procurement of products and services and funding thereof; risks related to reductions in government expenditures in light of U.S. defense budget pressures and an uncertain DoD tactical wheeled vehicle strategy; the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, especially during periods of global economic weakness, tight credit markets and lower municipal spending; the Company’s ability to produce vehicles under the FMTV contract at targeted margins; the duration of the ongoing global economic weakness, which could lead to additional impairment charges related to many of the Company’s intangible assets and/or a slower recovery in the Company’s cyclical businesses than equity market expectations; the impact on revenues and margins of the decrease in M-ATV production rates; the potential for the U.S. government to competitively bid the Company’s Army and Marine Corps contracts; risks related to work stoppages and other labor matters, especially in light of the pending contract expiration for union employees at the Company’s Oshkosh defense facilities; the consequences of financial leverage, which could limit the Company’s ability to pursue various opportunities; increasing commodity and other raw material costs, particularly in a sustained economic recovery; the ability to pass on to customers price increases to offset higher input costs; risks related to costs and charges as a result of facilities consolidation and alignment, including that anticipated cost savings may not be achieved; risks related to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns related to the Company’s products; risks related to production delays arising from supplier quality or production issues; risks associated with international operations and sales, including foreign currency fluctuations and compliance with the Foreign Corrupt Practices Act; the potential for disruptions or cost overruns in the Company’s global enterprise resource planning system implementation; the potential for increased costs relating to compliance with changes in laws and regulations; risks related to disruptions in the Company’s distribution networks; and the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this press release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all.

*Link for This article compiled by Roger Smith from reliable sources Oshkosh

*Speaking Image - Creation of DTN News ~ Defense Technology News

*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News

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