Ricardo PLC Ricardo secures US Army ABS/ESC retrofit contract (4879S)
17 Marzo 2021 - 1:00AM
UK Regulatory
TIDMRCDO
RNS Number : 4879S
Ricardo PLC
17 March 2021
17 March 2021
Ricardo plc
Ricardo Defense awarded a sole-source contract valued at over
$89M to deliver 9,480 ABS/ESC retrofit kits to US Army
Ricardo Defense has secured a three-year, $89M contract to
provide critical safety upgrades protecting the lives of thousands
of HMMWV operators around the world
Detroit, Michigan -The Army today awarded Ricardo Defense a base
contract to provide up to 9,480 critical safety improvement
Antilock Brake System / Electronic Stability Control (ABS/ESC)
retrofit kits over the next three years for the U.S. Army's High
Mobility Multipurpose Wheeled Vehicle (HMMWV). The first delivery
order, under the three-year base contract, will include $10M to
deliver 1,200 ABS/ESC retrofit kits by August 2021. A second
delivery order is expected later this year to increase deliveries
to approximately 2,000 ABS/ESC retrofit kits over the next 12
months.
Historical data presented by the National Highway Traffic Safety
Administration (NHTSA) indicates that the application of ABS and
ESC reduces the number of fatal rollovers by 74%, and fatal impacts
by 45%. Today's initial award marks the beginning of a multi-year
contract for Ricardo Defense to improve the safety and operational
readiness of the fielded HMMWV fleet for U.S. soldiers and HMMWV
operators worldwide.
Chet Gryczan, president of Ricardo Defense said : "This is a
significant milestone and strong example of Ricardo Defense's
commitment to provide solutions to meet the tough challenges facing
our customers and ensure the safety of our men and women in
uniform. In fielding this system, we are tremendously proud to
contribute to the Army's commitment to the safety of our soldiers
and civilians alike."
The HMMWV is projected to remain in the U.S. Army's fleet until
2050. In 2018, the Army mandated that all new HMMWVs coming off the
new vehicle production line must have the ABS/ESC system installed.
Since July 2018, more than 5,000 new production or Recapitalized
HMMWV vehicles have been delivered to the US Army with Ricardo's
ABS/ESC technology. In 2019, the Army provisioned Ricardo's ABS/ESC
retrofit kit into the national stock system for retrofit of
vehicles not addressed during new production or Recapitalization.
This dual-approach ensures that all HMMWVs in the enduring fleet
are eventually fit with the ABS/ESC rollover mitigation
technology.
A spokesperson for the U.S. Army, Product Director Light
Tactical Vehicles said, "The ABS/ESC retrofit contract award is a
culmination of a lot of great work from all parties, and is an
essential step in providing this critical safety solution to our
fielded HMMWV fleet. We are extremely proud of the Army's
collaboration with Ricardo Defense to provide an affordable and
attainable solution that significantly reduces loss of control
incidents, vehicle rollover incidents, and ultimately helps save
lives."
Red River Army Depot, in partnership with Ricardo Defense, will
complete ABS/ESC retrofit installations at the Army's Center of
Industrial and Technical Excellence for tactical wheeled vehicles
in Texarkana, Texas and at regional sites across the U.S. beginning
in March 2021.
ENDS
About Ricardo
Ricardo plc is a world-class environmental, engineering and
strategic consulting company listed on the London Stock Exchange.
With over 100 years of engineering excellence, we provide
exceptional levels of expertise in delivering leading edge and
innovative cross sector sustainable products and solutions, helping
our global customers increase efficiencies, achieve growth and
create a clear and safer future. Our mission is clear -- to create
a world fit for the future. For more information visit
www.ricardo.com
About Ricardo Defense, Inc.
Ricardo Defense Inc. is a Ricardo subsidiary delivering
high-value system engineering, mission critical software, vehicle
builds, and safety-critical products to the US Department of
Defense as well as governments and defense industry suppliers
world-wide. Ricardo Defense is a recognized leader in the
integration of complex systems and acquisition planning and system
support services for major defense programs around the globe.
Further enquiries:
Ricardo plc
Dave Shemmans, Chief Executive
Officer Tel: 01273 455611
Ian Gibson, Chief Financial Website: www.ricardo.com
Officer
SEC Newgate Tel: 020 7680 6550
Adam Lloyd / Isabelle Smurfit E-mail: ricardo@secnewgate.co.uk
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