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Armor Holdings Details $518M MRAP Award

JACKSONVILLE, Fla. --- Armor Holdings, a leading manufacturer and distributor of military vehicles, vehicle armor systems and life safety and survivability systems serving military, law enforcement, homeland security and commercial markets, announced today the receipt of a new prime contract award by the U.S. Navy for $518.5 million to provide Mine Resistant Ambush Protected (MRAP) vehicles.

Work will be performed in 2007 and early 2008 by the Armor Holdings Aerospace and Defense Group at its facilities located in Fairfield, Ohio and Sealy, Texas.

Robert Schiller, President of Armor Holdings, Inc., said, "We are extremely proud that the Armor Holdings "Caiman" MRAP offering, which maximizes commonality with the U.S. Army's Family of Medium Tactical Vehicles (FMTV), has been selected by the U.S. Navy and Department of Defense leadership. We also look forward to our continued support for other MRAP vehicle suppliers and to the continuation of the FMTV and Up-Armored HMMWV programs.

“This new "Caiman" MRAP award adds to our customer's ability to provide additional quantities of deployable MRAP vehicles by year-end and we are honored to be such a significant participant in this vital program."

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

Armor Holdings, Inc. Receives $518 Million MRAP Award