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Armor Wins $110M Contract for MTVR (Oct 25)

JACKSONVILLE, Fla. --- 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 that it has received a contract award from Oshkosh Truck Corporation with a value not to exceed $110.1 million to support the U.S. Marine Corps Medium Tactical Vehicle Replacement program (MTVR).

Armor Holdings also indicated that it will continue to subcontract to its Israeli based partner, Plasan Sasa, for production of the additional MTVR armor kits to be delivered to the USMC in 2006. Work under the new award will also be performed at the Armor Holdings Aerospace and Defense Group facilities in Ohio.

Robert Schiller, President of Armor Holdings, Inc., said, "We are pleased that our past performance has resulted in Oshkosh Truck Corporation's decision to continue our role on the MTVR program into 2006. This order builds additional backlog for 2006 and gives further opportunity to work on significant armor component programs with a premier tactical wheeled vehicle OEM. Most importantly, we are extremely proud to be able to continue our contribution to the needs of the U.S. Marine Corps."

Armor Holdings, Inc. is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets.

Armor Holdings, Inc. Announces $110.1 Million Order for MTVR Vehicle Armor Components