Defense Stock News - Force Protection (NASDAQ: FRPT) Receives $52.8 Million Order for Buffalo Route Clearance Vehicles U.S. Army Orders 48 Additional

Defense Stock News - Force Protection (NASDAQ: FRPT) Receives $52.8 Million Order for Buffalo Route Clearance Vehicles U.S. Army Orders 48 Additional Buffalo Vehicles

Lease Extended for Buffalo Manufacturing Facility

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ: FRPT), a leading designer, developer and manufacturer of survivability solutions and provider of total life cycle support for those products, today announced that it has received a modification to contract W56HZV-08-C-0028 from the United States Army Tank- automotive and Armaments Command (TACOM) for approximately $52.8 million for 48 Buffalo Mine Protected Clearance Vehicles (MPCV). This contract modification is subject to definitization.

The work will be performed in Ladson, SC and is expected to be completed prior to January 31, 2010. As a result of this award and a continued commitment to the Buffalo program, Force Protection on July 27th, 2009 amended and extended its lease for building 3 at its Ladson, SC facility until June 30, 2014.

Michael Moody, Chief Executive Officer of Force Protection, commented, “This order from TACOM is representative of the ongoing demand and requirements for the Buffalo as an integral component of the United States Army’s route clearance companies for the long term. The extension of our lease for the Buffalo manufacturing facility is an indication of our commitment to meeting the current and future requirements for Buffalo and its vital mission. ”

About Force Protection, Inc.

Force Protection, Inc. is a leading American designer, developer and manufacturer of survivability solutions, predominantly blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company also is the developer and manufacturer of ForceArmor™, an armor package providing superior protection against explosively formed projectiles (EFPs), now available for a wide range of tactical-wheeled vehicles. The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program. For more information on Force Protection and its vehicles, visit www.forceprotection.net.

Force Protection, Inc. Safe Harbor Language

This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection’s management, and on information currently available to management. These forward looking statements include, among other things: the growth and demand for Force Protection’s vehicles, including the Buffalo vehicle; the rate at which the Company will be able to produce these vehicles; its expected work completion dates for the vehicles and the ability to meet current and future requirements; and the Company’s expected financial and operating results, including its revenues and cash flow, for future periods. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company’s business; the ability to develop new technologies and products and the acceptance of these technologies and products; the ability to obtain and complete new orders for its vehicles and products; the Company’s ability to identify and remedy its internal control weaknesses and deficiencies; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as updated in the Quarterly Report on Form 10-Q for the period ended March 31, 2009.

Contacts Force Protection, Inc.Tommy Pruitt, 843-574-3866







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Defense Stock News Northrop (NYSE:NOC ) Grumman Wins Terahertz Contract

Defense Stock News Northrop (NYSE:NOC ) Grumman Wins Terahertz Contract

LOS ANGELES, May 19, 2009 -- The Defense Advanced Research Projects Agency (DARPA) has awarded Northrop Grumman Corporation (NYSE:NOC ) phase 1 of the $37-million Terahertz (THz) Electronics contract, U.S. Department of Defense and company officials announced today. Work on the contract will support military and space satellites with the development of active receivers and transmitters operating at 670 gigahertz that ensure reliable, high-resolution images, and other applications.

``This contract win shows that Northrop Grumman is at the leading edge of microelectronics technology capable of delivering dramatic improvements in performance and functionality for U.S. military and space systems,'' said Dwight Streit, vice president of Microelectronics Technology and Technical Development for Northrop Grumman Aerospace Systems. ``Program Manager Bill Deal, our scientists and engineers are excited about helping to ensure the reliable communications ability of U.S. satellites and the safety of our warfighters performing critical tasks across the globe.''

``The THz Electronics program will develop a technology for integrated circuits operating at far higher frequencies than ever possible before. This will be crucially important for emerging applications like terahertz communications and radars,'' said Dr. Mark Rosker, program manager of DARPA's Microsystems Technology Office. ``But of potentially even greater consequence, this program will drive the state of the art in high performance III-V electronics, with vast implication to RF circuits and systems operating at more conventional (microwave and millimeter-wave) frequencies.''

The THz Electronics program is an extension of Northrop Grumman Aerospace Systems' successful $7.7-million phase one of development on the Sub-millimeter Wave Imaging Focal Plane Technology (SWIFT) program for DARPA. SWIFT demonstrated the first active components, such as oscillators and amplifiers (low-noise and power) operating at 340 GHz, enabling systems for high-resolution imaging at sub-millimeter frequencies in all types of weather environments encountered by space and defense satellites. Work on the THz Electronics program will move even higher in frequency, starting at 650 GHz this year. As with SWIFT, the current Program will continue to be supported by the U.S. Army Research Laboratory.

Northrop Grumman Aerospace Systems recently captured a Guinness World Record(tm) for the fastest transistor based on a device that has a maximum frequency of oscillation well in excess of 1,000 GHz.

Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

Contact: Christopher Boyd Northrop Grumman Aerospace Systems (310) 812-8536 christopher.m.boyd@ngc.com







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