Armor Holdings, Inc,
JACKSONVILLE: 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.
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 6×6 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.
Armor Holdings, Inc. (NYSE: AH) is a diversified manufacturer of branded products for the military, law enforcement, and personnel safety markets.
