Engineered Support Receives Additional $57.7 Million Ceiling Contract for FMTV Armored Cab Kits
January 13 2005 - 7:30AM
PR Newswire (US)
Engineered Support Receives Additional $57.7 Million Ceiling
Contract for FMTV Armored Cab Kits ST. LOUIS, Jan. 13
/PRNewswire-FirstCall/ -- Engineered Support Systems, Inc.'s
(NASDAQ:EASI) wholly owned subsidiary, Radian Inc. (Radian), based
in Alexandria, Virginia, has been awarded a new contract from the
U.S. Army for vehicle add-on armor kits. Initial funding under the
$57.7 million contract totals $28.8 million under which Radian will
provide 1,049 Crew Protection Kits (CPKs) for the Family of Medium
Tactical Vehicles (FMTV). The recently awarded contract brings the
Army's total procurement to 1,857 FMTV CPKs to date. The final
contract value is subject to further negotiation with the Army
pending the submission of more definitive costing data, according
to Gerald A. Potthoff, Vice Chairman, CEO and President of
Engineered Support. This recent contract adds to a previously
awarded contract for 808 CPKs, valued at approximately $45 million,
which Radian and the Company's Systems & Electronics Inc. (SEI)
subsidiary have nearly completed. Most of the original armor kits
included under this earlier award are now in operational use by
American forces deployed in Iraq and Afghanistan. The CPK will be
produced at SEI's West Plains, Missouri facility, which will
activate a second shift on the production line in order to field
kits as quickly as possible for soldiers in harm's way. Potthoff
commented, "These expedited contract awards support the
increasingly urgent requirement to improve the physical security
and safety of U.S. forces supporting Operations Iraqi Freedom and
Enduring Freedom. The CPK-equipped FMTV vehicles in operational use
have already proven themselves in theatre many times while under
attack by enemy insurgents. This is a credit to the design,
production and installation efforts of our Radian and SEI
teammates, who are proud to provide this vital protective solution
to the men and women of America's military. We will work diligently
in completing this most important project by the end of fiscal
2005." The major design benefits of the CPKs include substantial
protection for the FMTV's crew and key components; simple
bolt-on/bolt-off application to fit over the existing cab; and
incorporation of an environmental control system for air
conditioning these 'buttoned-up' cabs. About Radian Crew Protection
Kits The CPK provides enhanced protection and increased crew
survivability from the array of weapons being used by insurgent
forces in Iraq, including small arms, land mines, improvised
explosive devices, grenades and rocket-propelled grenades. The CPK
was designed and integrated into the FMTV vehicle to protect
critical system components and provide the crew with 360-degree
protection. Additionally, Radian's kit design does not interfere
with the vehicle's ability to perform its cargo transport mission,
or alter its handling and braking characteristics, even given the
increased weight associated with the CPK. Driver safety is
maintained to include retaining an FMVSS compliant same windshield
size, and increased self-protection is available through the
integration of a protected machine gun ring mount and firing ports.
The CPK design ensures maintainability and low life cycle costs by
using easily removable and replaceable components that can be
shipped aboard any military cargo aircraft. Each section of the CPK
is completely removable, so the vehicle can be rapidly restored to
its original configuration when it is returned to non-hostile or
home base environments, where fuel consumption is a greater
consideration. Human safety factors are also addressed in this
design through the integration of an enhanced air conditioning
system while still maintaining the original three-man crew and
equipment capacity in the cab. In addition, four high velocity vent
fans have been added as back-up to the air conditioning system to
provide a continuous flow of fresh air into the cab. Engineered
Support Systems, Inc. designs, manufactures and supplies integrated
military electronics, support equipment and technical and logistics
services for all branches of America's armed forces and certain
foreign militaries, homeland security forces and selected
government and intelligence agencies. For additional information
about Engineered Support Systems, please visit the Company's web
site at http://www.engineeredsupport.com/ . Certain statements in
this press release are forward looking in nature and, accordingly,
are subject to risks and uncertainties. The actual results may
differ materially from those described or contemplated. DATASOURCE:
Engineered Support Systems, Inc. CONTACT: Daniel E. Kreher of
Engineered Support Systems, Inc., +1-314-553-4915 Web site:
http://www.engineeredsupport.com/
Copyright
Engineered Support Systems (NASDAQ:EASI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Engineered Support Systems (NASDAQ:EASI)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Engineered Support Systems (MM) (NASDAQ): 0 recent articles
More Engineered Support Systems (MM) News Articles