Force Protection Inc., the third- largest maker of blast-resistant trucks for the U.S. military, said annual sales of vehicle repair and maintenance services may be double what the company had projected in the next five years as President Barack Obama expands operations in Afghanistan.
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About 2,000 of the company’s Cougar trucks that are being shifted from Iraq to Afghanistan will need spares, repairs and upgrades. Over five years, such work may add about $1 billion in new sales, he said. That would lift annual service revenue to $450 million, from the $250 million the company had previously projected for such support work.
Force Protection rose 17 cents, or 3.6 percent, to $4.85 at 4 p.m. in Nasdaq Stock Market composite trading.
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