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2006-07-22 News Headlines
Armor Holdings Aerospace & Defense Group protected patrol vehicle contract The UK Ministry of Defense has awarded Armor Holdings Aerospace & Defense a large contract for the Pinzgauer Protected Patrol Vehicle.
Armor Holdings, Inc. a leading manufacturer and distributor of safety
and survivability systems, tactical wheeled vehicles and vehicle armor
systems serving military, law enforcement, homeland security and commercial
markets, announced today the receipt of an order valued at approximately
$27 million from the U.K. Ministry of Defense. The contract was recently
issued to Armor Holdings Aerospace & Defense Group's U.K. based Pinzgauer
division, which was acquired as part of Armor's May 2006 acquisition of
Stewart & Stevenson. Production is expected to be completed in early
2007 at the Company's U.K. facilities. The Pinzgauer vehicle is generally
regarded as the most advanced and mobile light utility vehicle in its
class.
Robert Schiller, President of Armor Holdings, Inc., said, "We are
pleased to support the U.K. Ministry of Defense's efforts to improve the
Pinzgauer 6x6 light tactical vehicle in order to create their new Protected
Patrol Vehicle. This vehicle is expected to provide enhanced survivability
protection, improved mobility, increased payload, as well as incorporate
the use of sophisticated electronic countermeasures to increase survivability
for British Armed Forces on patrol in hostile areas. We hope to leverage
this development and production to address potential needs in the Pinzgauer
user community which includes 28 countries and approximately 26,000 vehicles
world-wide. Read a recent press release from Armor Holdings about - 'Armor Holdings
merger with Stewart & Stevenson
Services, Inc. enhances abilities to offer the Department of Defense
an integrated tactical vehicles resource and products for a wide range
of projects.'
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