Market Overview

Spartan Chassis Receives Order From BAE Systems for International Light Armored Vehicles

Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), has received a multi-million dollar subcontract award from defense contractor BAE Systems to support the production of advanced tactical vehicles and spare parts under the International Light Armored Vehicle Program.

"We appreciate our ongoing relationship with BAE Systems," said Tom Gorman, Chief Operating Officer of Spartan Motors, Inc. "This opportunity—which is smaller in volume with greater product variation—is in direct alignment with our strategic and operational strengths of leveraging our expertise, speed and agility to produce reliable vehicle solutions."

Under the terms of the ILAV program, the Michigan-based custom chassis manufacturer will produce 10 ILAVs in two different configurations and supply ILAV spare parts. These mine protected vehicles, provided to the United States Government as part of a Foreign Military Sales contract with BAE Systems, are scheduled to be completed in the first quarter of 2012 and delivered to Iraq in the second quarter of 2012.

Posted-In: News Contracts

 

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