Armor Holdings, Inc. Receives $54.6 Million Order for New HMMWV Armor System
JACKSONVILLE, Fla., Sept. 28 -- Armor Holdings, Inc. , a leading manufacturer and distributor of security products and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, announced today the receipt of orders valued at $54.6 million from AM General under a blanket purchase agreement supporting the M1151 and M1152 HMMWV program. Armor Holdings stated that approximately $42.5 million has been awarded for armor component production and another $12.1 million for purchase of long lead materials necessary for anticipated future manufacturing. The Company advised that the orders will supply specific armor sub-system components to AM General for inclusion in the vehicle manufacturing process as well as a specially designed armor package which may be added to the vehicle in the field to obtain the baseline level of protection specified for the M1114 Up-Armored HMMWV. Work under the new award will be performed during 2006 at the Armor Holdings Aerospace and Defense Group facilities in Fairfield, Ohio and Phoenix, Arizona.
Robert Schiller, President of Armor Holdings, Inc., said, "This order builds additional backlog for 2006 and reinforces our ongoing effort to develop and produce the latest force protection technology to meet the new vehicle armor sub-system requirements in support of AM General and the U.S. Army Tank-automotive and Armaments Command. We are proud to be a significant participant in the development and production of the newest version of up-armored light tactical vehicles and will remain committed to being the premier supplier of armor systems to the U.S. military, and ultimately to our men and women in uniform."
About Armor Holdings, Inc.
Armor Holdings, Inc. is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets. Additional information can be found at http://www.armorholdings.com/.
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