Stewart & Stevenson2005-03-30 17:58:35
Stewart & Stevenson Secures Funding for Third Program Year of Truck and Trailer Deliveries Contract Modification Valued at $316 Million
Stewart & Stevenson Services, Inc. announced today that Stewart & Stevenson Tactical Vehicle Systems, LP (TVS) was awarded a contract modification by the U.S. Army Tank Automotive and Armaments Command (TACOM) valued at approximately $316 million. This contract modification firms up funding for base production during the third program year beginning October 1, 2005 of the current Family of Medium Tactical Vehicle (FMTV) production contract.
The contract modification is the result of a positive recommendation to continue fielding the FMTVs under this contract after the successful completion of production verification testing in the early stages of the current contract. Approximately 2,770 FMTV trucks and trailers will be manufactured for delivery by the end of the program year ending September 30, 2006.
"We are pleased to receive this contract modification as confirmation of the outstanding success of the FMTV, and the latest production FMTV A1 vehicles delivered under this contract. The FMTV A1 vehicles incorporate state-of-the-art environmental and technical upgrades and have further improved our reliability," said Denny Dellinger, President of TVS. "The FMTV trucks have provided significant mobility during Operation Iraqi Freedom and continue to provide unmatched off-road mobility with the highest reliability in the U.S. Army's tactical vehicle fleet."
Max Lukens, Stewart & Stevenson's President and Chief Executive Officer, said, "This contract modification confirms our efforts to continually enhance the FMTV product in the eyes of U.S. Army and reflects the hard work by our employees to continue to build upon the FMTV success."
Stewart & Stevenson has delivered over 26,000 FMTV vehicles since 1991 from their state-of-the-art facility in Sealy, Texas. The FMTV, which includes 2.5-Ton and 5-Ton trucks in more than 15 active variants, has become the platform of choice for the U.S. Army, to include new C-130 transportable platforms such as the High Mobility Artillery Rocket System (HIMARS), and the Load Handling System (LHS). More information can be found at http://www.ssss.com/fmtv .
Stewart & Stevenson Services, Inc. announced today that Stewart & Stevenson Tactical Vehicle Systems, LP (TVS) was awarded a contract modification by the U.S. Army Tank Automotive and Armaments Command (TACOM) valued at approximately $316 million. This contract modification firms up funding for base production during the third program year beginning October 1, 2005 of the current Family of Medium Tactical Vehicle (FMTV) production contract.
The contract modification is the result of a positive recommendation to continue fielding the FMTVs under this contract after the successful completion of production verification testing in the early stages of the current contract. Approximately 2,770 FMTV trucks and trailers will be manufactured for delivery by the end of the program year ending September 30, 2006.
"We are pleased to receive this contract modification as confirmation of the outstanding success of the FMTV, and the latest production FMTV A1 vehicles delivered under this contract. The FMTV A1 vehicles incorporate state-of-the-art environmental and technical upgrades and have further improved our reliability," said Denny Dellinger, President of TVS. "The FMTV trucks have provided significant mobility during Operation Iraqi Freedom and continue to provide unmatched off-road mobility with the highest reliability in the U.S. Army's tactical vehicle fleet."
Max Lukens, Stewart & Stevenson's President and Chief Executive Officer, said, "This contract modification confirms our efforts to continually enhance the FMTV product in the eyes of U.S. Army and reflects the hard work by our employees to continue to build upon the FMTV success."
Stewart & Stevenson has delivered over 26,000 FMTV vehicles since 1991 from their state-of-the-art facility in Sealy, Texas. The FMTV, which includes 2.5-Ton and 5-Ton trucks in more than 15 active variants, has become the platform of choice for the U.S. Army, to include new C-130 transportable platforms such as the High Mobility Artillery Rocket System (HIMARS), and the Load Handling System (LHS). More information can be found at http://www.ssss.com/fmtv .
For more information contact:
5000 I-10 West
Sealy
TX 77474
United States Of America
Tel: +1 (979) 885-2977
Fax: +1 (979) 885-7910
