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Ahead of the Bell: Defense contractors


Published :
Mon, 29 Jan 2007 14:53
By : Agencies
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NEW YORK (AFX) - Shares of several of defense contractors picked to build new combat vehicles for the Marine Corps. may get a boost Monday trading.

Late Friday, the Defense Department named a slate of companies awarded contracts for up to 4,100 'Mine Resistant Ambush Protected' vehicles for the Marines and other military services.

Each company will start with an order for four test vehicles, two each in two different groups, to be delivered within 60 days. The program calls for 1,500 'Category I' vehicles and 2,600 larger 'Category II' vehicles, and also calls for maintenance work on the vehicles.

The total value of the initial order is $34.6 million, with the potential bill rising past $1 billion as the vehicles chosen are deployed to the wars in Iraq and Afghanistan this year.

The companies picked include General Dynamics Corp., Force Protection Inc., Armor Holdings Inc., Textron Inc., BAE Systems PLC, and Oskosh Truck Corp.. Privately held Protected Vehicles Inc., International Military and Government LLC, and General Purpose Vehicles LLC were also named in the award.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




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