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Force Protection, Inc. (Nasdaq: FRPT) $5.53. Today announced that it has received an order for 23 Cougar Mastiff Explosive Ordinance Disposal (EOD) variants to be delivered to the United Kingdom via a Foreign Military Sales (FMS) contract from Marine Corps Systems Command. The undefinitized contract has a value not to exceed $16.1 million.
The work will be performed in Ladson, SC and is expected to be completed prior to April, 2010. The first 5 Mastiff EOD vehicles were delivered on February 8th, 2010, 20 days after contract award due to long lead funding previously received towards work on the contract.
Michael Moody, Chief Executive Officer of Force Protection, commented, “We are delighted with the Cougar Mastiff’s performance with the United Kingdom’s forces. The Mastiff has proven time and again to be a life saver and an excellent value for our customer. These EOD Mastiffs will enable bomb disposal units in the current theater of operations to perform their missions safely and effectively. We thank our United Kingdom customer for their continued confidence in our products and we look forward to continuing to build on our strong relationships with the Ministry of Defence to meet other current and future survivability needs for British forces.”
What They Do: 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.
Rentrak Corporation (Nasdaq: RENT) $18.91. Today announced a multi-year agreement with Daystar Television to utilize Rentrak's TV Essentials service to track viewership of the network.
Daystar Television is the fastest growing, and one of the largest Christian television networks in the world. With the network's extensive blend of interdenominational and multi-cultural programming that is broadcasted into homes across the globe, this deal represents a strategic programming alliance and new revenue stream for Rentrak.
What They Do: Rentrak Corporation is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry.
NewLead Holdings Ltd. (Nasdaq: NEWL) $0.78. Today announced that it has signed a Stock Purchase Agreement providing for the purchase of two Kamsarmaxes for an aggregate purchase price of $112.7 million and signed a Memorandum of Agreement for the sale of the product tanker Chinook for $8.5 million.
"NewLead's fleet continues to transform, becoming younger and more versatile," said Mr. Michael S. Zolotas, President and Chief Executive Officer. "As we sell non-productive assets, we will be seeking to add new vessels particularly those with favorable charters. These two high quality dry bulk Kamsarmaxes add a unique class of vessel to our fleet and seven years of revenue visibility."
What They Do: NewLead Holdings Ltd. is an international shipping company that owns and operates product tanker and dry bulk vessels.
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