Share on Facebook Share on Twitter Email
Answers.com

Force Protection Inc

 
Hoover's Profile: Force Protection, Inc.
(NASDAQ (CM):FRPT)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Force Protection, Inc.
9801 Hwy. 78, Bldg. 1
Ladson, SC 29456
SC Tel. 843-574-7000
Fax 843-329-0380

Type: Public
On the web: http://www.forceprotectioninc.com
Employees: 1,170
Employee growth: (10.0%)

Force Protection's vehicles protect military forces from blast forces. The company makes armored land vehicles designed to protect troops from landmines, bombs, and hostile fire. Force Protection's products include the 22-ton Buffalo, which is designed for mine-clearing operations, and the Cougar, a lighter-weight vehicle with similar armoring that can be used for route clearance support, urban patrol, and other activities. The Cheetah is the smallest of the company's offerings. It is used for reconnaissance and other urban operations. While the US Marine Corps is Force Protection's largest single customer, the US Army and friendly foreign governments also purchase military vehicles from the company.

Key numbers for fiscal year ending December, 2008:
Sales: $1,326.3M
One year growth: 48.9%
Net income: $46.9M
Income growth: 513.2%

Officers:
Chairman, President, and CEO: Michael Moody
EVP Operations: Daniel Busher
VP Army Business Development: Phillip Owens

Competitors:
BAE Systems Land & Armaments
General Dynamics Land Systems
Textron

Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
Stock Quote: Force Protection Inc.
Top
Stock Chart: Force Protection Inc.
Top
Company News: Force Protection Inc.
Top
Military Dictionary: force protection
Top

(DOD) Actions taken to prevent or mitigate hostile actionsagainst Department of Defense personnel (to include familymembers), resources, facilities, and critical information. These actions conserve the force's fighting potential so it can beapplied at the decisive time and place and incorporate the coordinated and synchronized offensive and defensive measures toenable the effective employment of the joint force whiledegrading opportunities for the enemy. Force protection does not include actions to defeat the enemy or protect against accidents,weather, or disease. Also called FP. See also force; force protection condition; protection.

Wikipedia: Force Protection Inc
Top
Force Protection, Inc.
Type Public (NASDAQ: FRPT)
Founded Ladson, SC (1996)
Headquarters Ladson, SC
Key people Michael Moody, CEO[1]
Products mine- and blast- protected vehicles
Employees over 1000 [1]
Website www.forceprotection.net

Force Protection, Inc. (NASDAQFRPT) is a manufacturer of ballistic- and blast-protected vehicles which have been used in Iraq, Afghanistan, Kosovo and other hot spots around the world.

Contents

Company

The company traces its roots to Sonic Jet Performance, Inc., a California speed boat company founded in 1997. When the boat business hit tough times after the Sept. 11, 2001, terrorist attacks, company officials began looking for a new product. Around that time, they heard about Garth Barrett, a former Rhodesian military officer who had a company, Technical Solutions, that was building a new type of mine-resistant vehicle called MRAP (Mine Resistant Ambush Protected).

The heavily armored trucks featured a V-hull design that deflected underbody blasts away from the passenger compartment, and Barrett had seen them save lives in Africa's bush wars. They licensed the rights from the South African manufacturer to produce two U.S. models: the Buffalo, a huge, mine-clearing truck, and the Cougar, which was smaller and more versatile. Technical Solutions was struggling, so they took it over n June 2002 and, not long after, they decided to focus exclusively on the V-hulled trucks. They also took a new name, drawn from the address for Technical Solutions' website: www.forceprotection.net.

Since Force Protection got its first small MRAP contracts in 2004 and 2005, it sometimes has struggled to deliver vehicles on schedule. At first the company had only a dozen people on its early production line. It once took five weeks to build one Cougar. The Defense Department fined Force Protection more than $1.5 million for delivery delays in 2005.[1]

Partnering agreements with other defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a joint venture company with General Dynamics ("Force Dynamics"), were made to merge Force Protection's proprietary designs with the manufacturing capacity thought necessary to meet increasing demand. Force Protection received several contracts as part of the MRAP program, supplying blast resistant vehicles to American forces in Iraq, but as 2007 progressed orders were increasingly placed with rivals companies.[2]

In 2005 Force Protection's President and Chief Technology Officer, Garth Barrett, left the company to form Protected Vehicles, Inc. who manufactured the Golan Armored Vehicle in cooperation with the RAFAEL Armament Development Authority. Protected Vehicles, Inc has since faced lawsuits over claims that Barrett stole a hard drive containing confidential data.[3]

Product Line

  • Cheetah - The Cheetah is designed for urban operations, reconnaissance, and forward command and control.
  • Cougar - The Cougar is a medium sized mine-protected vehicle for command and control, artillery prime mover, recovery and ambulance duty.
    • Cougar H 4X4 can carry 4 troops and a EOD robot.
    • Cougar HE 6X6 can carry up to 12 troops.
  • Buffalo designed principally for route clearing activities, asset protection, urban weapons systems, and command and control.

See also

References

External links


 
 

 

Copyrights:

Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Stock Quote. © MarketWatch, Inc. 2008. All rights reserved. Subject to the Terms of Use. Designed and powered by Dow Jones Client Solutions.
MarketWatch, the MarketWatch logo, BigCharts and the BigCharts logo are registered trademarks of MarketWatch, Inc. Dow Jones is the registered trademark of Dow Jones & Company, Inc.  Read more
Military Dictionary. US Department of Defense Dictionary of Military and Associated Words, 2003.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Force Protection Inc" Read more