Spartan Chassis Secures $45 Million Contract to Supply Components for IRAQI Light Armored Vehicles

Jun 6, 2006: New Vehicle Program Will Help Protect New Iraqi Military from Threat of Explosive Devices


CHARLOTTE, Mich., June 6 -- Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. , today announced it has secured a role through BAE Systems to supply and integrate key chassis components and assist in the manufacturing of 378 Iraqi Light Armored Vehicles. The expected order placed with Spartan Chassis will be worth approximately $45 million.

The prime procurement contract, worth $180 million, was awarded by the U.S. Army Tank-automotive and Armaments Command (TACOM) on May 30, 2006, to BAE Systems. Force Protection, Inc., a Charleston, S.C.-based manufacturer of ballistic and mine-protected military vehicles and current customer of Spartan, will also be awarded a subcontract order for the vehicles.

"This new vehicle is based on a proven design, and we are pleased to put our specialty vehicle chassis expertise to work in supporting the new Iraqi military and in protecting American and allied troops in Iraq," said Richard Schalter, president of Spartan Chassis. "This contract reinforces our growth as a leader in specialty chassis and expands our product breadth in the military business, which continues to become a larger part of our overall business."

The Iraqi Light Armored Vehicles are similar to the Cougar armored vehicles and include Force Protection's V-shaped hull designed to deflect the force of explosions away from passengers inside the armored hull. Spartan reported it will begin work on the contract in June 2006 and expects to complete the contract by May 2007.

According to a recent announcement by BAE Systems, if all options are exercised under this Indefinite-Delivery and Indefinite-Quantity contract, the contract could call for BAE Systems to produce 1,050 vehicles.

"This contract is in line with Spartan Motors' vision of becoming North America's premier manufacturer of specialty vehicles and chassis, as it strengthens our strategic foundation in three markets -- emergency-rescue vehicles, recreational vehicles and military vehicles," said John Sztykiel, president and CEO of Spartan Motors.

In May 2006, Spartan announced a subcontract order from Force Protection to supply and integrate key chassis components and assist in the manufacturing of 45 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) for use by the U.S. Marine Corps.

"The new opportunities being created by Spartan Motors mark a tremendous investment in our region's economic future," said U.S. Congressman Joe Schwarz, (R-Battle Creek, Mich.). "Our state would do well to build on this momentum and continue pursuing policies that make Michigan the best place, bar none, to invest and create jobs."

Von: 07.06.2006,

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