Spartan Chassis Wins Contract to Manufacture Additional Mine-Protected Vehicles
03 Diciembre 2012 - 7:30AM
Spartan Chassis, a unit of Spartan Motors, Inc. (Nasdaq:SPAR),
announced today that it has been awarded a subcontract order from
defense contractor BAE Systems to support continued production of
the International Light Armored Vehicles (ILAV's) – a
threat-specific mine-protected vehicle. The subcontract award
includes an initial order of 24 ILAVs that will begin shipping in
Q2 2013 and was issued as a three-year Indefinite Delivery,
Indefinite Quantity (IDIQ) contract, providing for the possibility
of follow-on orders.
These vehicles perform specialized, mission-critical tasks such
as supporting convoy operations, executing ordnance removal and
disposal or extracting injured soldiers. Under the terms of the
subcontract, the Spartan Defense and Government (SDG) Business Unit
of Spartan Chassis, the Michigan-based specialty vehicle
manufacturer, will supply and fully integrate automotive chassis
and deliver final assembled ILAVs to the Tank and Automotive
Command as part of their Foreign Military Sales program.
"This is an affirmation of Spartan's opportunity and continued
role in the evolving Defense marketplace," said Tom Gorman, Chief
Operating Officer, Spartan Motors. "The Spartan Chassis team has
consistently performed to the exacting standards of BAE Systems and
the Defense Department as evidenced by this contract award and our
ISO 9001:2008 certification. We are proud to support the ILAV
program and all of our coalition partners who protect freedom
day-in and day-out."
In addition to this award, Spartan Chassis continues its ongoing
support of prime contractors and the U.S. Government by providing
spare/replacement parts for many of the mine-protected vehicle
models produced at Spartan since 2005 such as:
- Cougar and RG33 MRAP and MRAP-Plus vehicles
- RG 33 Armored Utility Vehicles
- Light Armored Vehicles (ILAV)
- Joint Explosive Ordnance Disposal Rapid Response Vehicles
(JERRV)
- Medium Mine Protected Vehicles
- RG 33 Heavy Armored Ground Ambulances (HAGA)
- RG 33 Special Operations Command vehicles (SOCOM)
About Spartan Chassis, Inc.
Spartan Chassis, Inc. is a world-class leader in the
engineering, manufacturing and marketing of chassis and aftermarket
parts for emergency-response, recreational vehicle (RV), defense
and specialty vehicles. End users recognize and request the Spartan
Chassis brand, which consistently delivers superior performance,
exceptional safety ratings and innovations which distinguish us
from the competition. Visit Spartan Chassis at
spartanchassis.com.
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures
specialty chassis, specialty vehicles, truck bodies and aftermarket
parts for the recreational vehicle, emergency response, government
services, defense, and delivery and service markets. The company's
brand names - Spartan™, Spartan ERV™ and Utilimaster® - are known
for quality, performance, service and first-to-market innovation.
The company employs approximately 1,700 associates at facilities in
Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas.
Spartan reported sales of $426 million in 2011 and is focused on
becoming a global leader in the design, engineering and manufacture
of specialty vehicles and chassis. Visit Spartan Motors at
www.spartanmotors.com.
This release contains several forward-looking statements that
are not historical facts, including statements concerning our
business, strategic position, financial strength, future plans,
objectives, and the performance of our products. These statements
can be identified by words such as "believe," "expect," "intend,"
"potential," "future," "may," "will," "should," and similar
expressions regarding future expectations. These
forward-looking statements involve various known and unknown risks,
uncertainties, and assumptions that are difficult to predict
with regard to timing, extent, and likelihood. Therefore,
actual performance and results may materially differ from what may
be expressed or forecasted in such forward-looking
statements. Factors that could contribute to these
differences include operational and other complications that may
arise affecting the implementation of our plans and business
objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may
arise in connection with the integration of new businesses or
assets we acquire or the disposition of assets; issues unique to
government contracting, such as competitive bidding processes,
qualification requirements, and delays or changes in funding;
disruptions within our dealer network; changes in our relationships
with major customers, suppliers, or other business partners,
including Isuzu; changes in the demand or supply of products within
our markets or raw materials needed to manufacture those products;
and changes in laws and regulations affecting our
business. Other factors that could affect outcomes are
set forth in our Annual Report on Form 10-K and other filings we
make with the Securities and Exchange Commission (SEC), which are
available at www.sec.gov or our website. All forward-looking
statements in this release are qualified by this paragraph.
Investors should not place undue reliance on forward-looking
statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking
statements in this release, whether as a result of new information,
future events, or otherwise.
CONTACT: Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
517.997.3852
Spartan Motors (NASDAQ:SPAR)
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