July 10, 2009 (FinancialWire) — Force Protection, Inc. (NASDAQ: FRPT) said that a contract it received to supply independent suspension kits for 1,317 Cougar mine resistant military vehicles is worth $77 million. On July 6 the company said that the contract was worth $70 million.

The company received contracts for both phase one and phase two installation of the independent suspension kits for. The phase one award was given under modification to a United States Marine Corps contract for $21.4 million. The phase two was awarded on July 2, for an additional $59 million, of which $56 million relates to independent suspension kits.

Force Protection said that work under the awards is scheduled to be completed prior to February, 2010 and will be performed by both Force Protection’s staff of field service representatives and by FSRs from Oshkosh under a subcontract from Force Protection.

The modification for the purchase of the hardware associated with this installation work was awarded on April 8 in the amount of $158.1 million, bringing the total cost for this independent suspension upgrade program, thus far, to around $235.5 million.

Ladson, South Carolina-based Force Protection is a designer, developer and manufacturer of survivability solutions, predominantly 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, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices.

Force Protection is also the developer and manufacturer of an armor package providing protection against explosively formed projectiles, which is available for a wide range of tactical-wheeled vehicles.

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