Force Protection, Inc. (FRPT) Stock Price Jump Starts After Large Vehicle Orders
Shares of Force Protection, Inc. (FRPT) surged 42 cents, or nearly 10%, to close at $4.70 today after the maker of blast-protected vehicles announced two large foreign deals. The company received a $115 million order from the UK Ministry of Defense for the sale of 174 of its Cougar Mastiff vehicles, in addition to an order for six Cougar troop transport vehicles and four Buffalo route clearance vehicles from the Italian Ministry of Defense. Vehicle production for both orders will be performed at Force Protection’s Ladson, S.C. facility and is scheduled for completion this year, with spare parts and field…