DTN News: Force Protection Meets With Potential Suppliers For Australia’s $1 Billion Vehicle
Source: DTN News / Force Protection Europe Limited(NSI News Source Info) LADSON, South Carolina/WARWICKSHIRE, U.K.- July 6, 2010: Force Protection has completed a series of discussions with potential suppliers across four states as it refines its Australian
manufacturing plans for the $1 billion protected mobility vehicle contract.
The Australian Government in May announced that Force Protection was one of three Australian-based solutions to be given the opportunity to win the contract to manufacture up to 1300 next-generation protected mobility vehicles, under the ‘Land 121 Phase 4’ program.
Force Protection has again met with potential suppliers as well as State Government ministers and industry representatives in New South Wales, Queensland, Victoria and South Australia. Force Protection Chief Executive Officer, Michael Moody, said discussions with suppliers last year had opened up several manufacturing options for its Ocelot vehicle across the four states, and it was important to further progress these discussions now that the company had been short-listed for the Australian Government contract.
“The reception we have received from both suppliers and government representatives over the past couple of weeks has been extremely positive, and confirmed our view that we can build a world class vehicle utilising the best of Australian military and automotive manufacturing expertise and know-how,” Mr Moody said.
“We are committed to operating in Australia and we look forward to making further announcements about our plans.”
Force Protection was one of the companies recently down-selected by the UK Ministry of Defence to tender for the Light Protected Patrol Vehicle Program – Demonstration, Production and Support Phases and has been awarded a contract by the UK MoD for the supply of two Ocelot light protected patrol vehicles for testing.
Its Ocelot vehicle has undergone significant development in conjunction with leading independent technology provider Ricardo to provide high levels of survivability together with exceptional cross country mobility, flexibility and value for money.
The Ocelot’s capabilities have already been proven by a sustained program of blast, ballistic, automotive and manoeuvrability tests conducted since 2009.
The Ocelot can be maintained and repaired quickly in the field to ensure maximum availability, while its unique modular design enables the vehicle to be reconfigured in theatre within two hours to meet a variety of different roles, such as patrol, fire support and protected logistics. Force Protection continues to test and refine the Ocelot vehicle, taking in to account the specific operational requirements for the Australian Defence Force.
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 and related variants, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). 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 highly-skilled field service representatives, and advanced on and off-road driver and maintenance training programs. For more information on Force Protection and its products and services, visit
http://www.forceprotection.net/.
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 and demand for Force Protection’s vehicles, including the Ocelot vehicle; expectations for future contracts for the Ocelot the benefits; and suitability of the Ocelot; the rate at which the Company will be able to produce these vehicles; the ability to meet current and future requirements the Company’s execution of its business strategy and strategic transformation, including its opportunities to grow the business; and the Company’s expected financial and operating results, including its revenues, cash flow and gross margins, for future periods. 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, ability to effectively manage the risks in the Company’s business; the ability to develop new technologies and products and the acceptance of these technologies and products; 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, 2009 and as updated in the Quarterly Report on Form 10-Q for the quarter ended March 31, 2010.
imposing any ban.
Pressure is mounting on Iran over its nuclear programme and the United States has stepped up its push to isolate Tehran economically. On Thursday, President Barack Obama signed into law far-reaching sanctions that aim to squeeze the Islamic Republic's fuel imports and deepen its international isolation.
"Since last week, our planes have been refused fuel at airports in Britain, Germany and UAE because of the sanctions imposed by America," Mehdi Aliyari, Secretary of the Iranian Airlines Union, told Iran's ISNA news agency.
The claim could not be independently confirmed and was met by scepticism. None of the three countries has announced any such ban, although officials could not rule out private firms refusing to fuel Iranian planes because of US measures.
A British government spokesman said it was unaware of any Iranian planes being denied fuel in Britain. The German transport ministry said there was no ban on refuelling Iranian aircraft, and an airport in the United Arab Emirates said it was honouring contracts to fill Iranian aircraft normally.
Gala Riani at IHS Global Insight said any measure targeting the provision of fuel to Iranian flights would seem a "very strict reading" of the new US sanctions law. She said it would not necessarily be the kind of measures the legislation, which is more directed at trade in fuel, aimed to achieve.
"I'd be cautious to jump to any conclusions," she said about the Iranian news agency report.
A spokeswoman for Abu Dhabi Airports (ADAC) in the UAE capital said: "We have contracts with Iranian passenger flights and continue to allow refuelling."
Fuel traders from three different international firms said they had heard of no ban on jet fuel sales to Iranian aircraft at UAE airports. Said one trader: "You can't allow a plane to land and then not let it buy fuel."
Germany's Transport Ministry said the refuelling of Iranian planes was not banned under EU or UN sanctions, nor was any such ban foreseeable. "There is no ban," a spokesman for the ministry said, adding that he could not comment on whether any individual providers were refusing to fuel Iranian aircraft.
Although the British authorities were not aware of any Iranian aircraft having been denied fuel, a government source said: "It is a commercial decision for companies to take how they respond to the US legislation."
UAE TIGHTENS FINANCIAL RULES
The claim followed steps by the UAE this month to tighten its crucial role as a trading and financial lifeline for Iran. The UAE Central Bank asked financial institutions to freeze the accounts of 40 entities and an individual blacklisted by the UN for assisting Iran's nuclear or missile programmes.
The US action and other measures planned by the European Union go well beyond a fourth round of UN Security Council sanctions against Iran approved on June 9.
Over the past weeks a number of countries and firms have cut back on their imports of Iranian crude oil. More companies have also stopped providing Iran with refined petroleum which Tehran needs to import to meet domestic demand.
Iran is the world's fifth-largest oil producer, but imports various oil products for lack of sufficient refining capacity.
The US measures, unlike the UN sanctions, target Iranian imports of refined products.
A State Department press officer in Washington was able to comment on Monday, a US holiday, on whether the new US sanctions barred firms abroad from refuelling Iranian air craft.
Western powers believe Iran is trying to build bombs under cover of a civilian nuclear programme. Tehran says the programme is only for electricity generation and medical purposes. Aliyari said that so far Iran Air, the national carrier, and Mahan Airlines had run into refuelling problems. "Refusing to provide fuel to Iranian passenger planes by these countries is a violation of international conventions," he added.
An Iranian lawmaker said his country would retaliate against countries denying fuel to its planes: "Iran will do the same to ships and planes of those countries that cause problems for us," ISNA quoted Heshmatollah Falahatpisheh as saying. 
sident Dmitry Medvedev is overseeing on Sunday the naval phase of Russia's Vostok 2010 military drills in the Sea of Okhotsk in the Russian Far East on board the heavy nuclear-powered cruiser Pyotr Veliky.
The drills began on June 29 in Russia's Far East training areas and involved some 10,000 troops and around 1,000 items of military hardware. The first phase of the drills ended on Saturday. The second, naval phase will see the involvement of several times more service personnel and military equipment. The exercises continue until July 8.
Apart from the Pyotr Veliky cruiser of the Russian Northern Fleet, the drills also involve the Guards guided missile cruiser Moskva of the Black Sea Fleet.
As many as 12,500 troops took part in last year's intermediate drills, while the previous large-scale Vostok 2008 drills involved more than 8,000 troops.
Gen. Nikolai Makarov, chief of the General Staff of the Russian Armed Forces, earlier said this year's strategic drills would include the firing of live ammunition, simulated airborne assaults and amphibious assault landings.
As part of the drills, the Armed Forces will practice the deployment of additional troops in Siberia and the Far East to reinforce the existing military contingent in the region in case of a military conflict.
Makarov stressed that the Vostok 2010 drills were not aimed against any country.
"This exercise...is not directed against any specific country or military-political bloc. It has a purely defensive nature in ensuring the security and national interests of the [Russian] state in the Far East," he said.
Russia holds Vostok strategic command-and-staff drills every two years.
