Spartan Chassis Wins Contract to Manufacture Additional Mine-Protected
CHARLOTTE, Mich., Dec. 3, 2012 (GLOBE NEWSWIRE) -- Spartan Chassis, a unit of
Spartan Motors, Inc. (Nasdaq:SPAR), announced today that it has been awarded a
subcontract order from defense contractor BAE Systems to support continued
production of the International Light Armored Vehicles (ILAV's) – a
threat-specific mine-protected vehicle. The subcontract award includes an
initial order of 24 ILAVs that will begin shipping in Q2 2013 and was issued
as a three-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract,
providing for the possibility of follow-on orders.
These vehicles perform specialized, mission-critical tasks such as supporting
convoy operations, executing ordnance removal and disposal or extracting
injured soldiers. Under the terms of the subcontract, the Spartan Defense and
Government (SDG) Business Unit of Spartan Chassis, the Michigan-based
specialty vehicle manufacturer, will supply and fully integrate automotive
chassis and deliver final assembled ILAVs to the Tank and Automotive Command
as part of their Foreign Military Sales program.
"This is an affirmation of Spartan's opportunity and continued role in the
evolving Defense marketplace," said Tom Gorman, Chief Operating Officer,
Spartan Motors. "The Spartan Chassis team has consistently performed to the
exacting standards of BAE Systems and the Defense Department as evidenced by
this contract award and our ISO 9001:2008 certification. We are proud to
support the ILAV program and all of our coalition partners who protect freedom
day-in and day-out."
In addition to this award, Spartan Chassis continues its ongoing support of
prime contractors and the U.S. Government by providing spare/replacement parts
for many of the mine-protected vehicle models produced at Spartan since 2005
oCougar and RG33 MRAP and MRAP-Plus vehicles
oRG 33 Armored Utility Vehicles
oLight Armored Vehicles (ILAV)
oJoint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV)
oMedium Mine Protected Vehicles
oRG 33 Heavy Armored Ground Ambulances (HAGA)
oRG 33 Special Operations Command vehicles (SOCOM)
About Spartan Chassis, Inc.
Spartan Chassis, Inc. is a world-class leader in the engineering,
manufacturing and marketing of chassis and aftermarket parts for
emergency-response, recreational vehicle (RV), defense and specialty vehicles.
End users recognize and request the Spartan Chassis brand, which consistently
delivers superior performance, exceptional safety ratings and innovations
which distinguish us from the competition. Visit Spartan Chassis at
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis,
specialty vehicles, truck bodies and aftermarket parts for the recreational
vehicle, emergency response, government services, defense, and delivery and
service markets. The company's brand names - Spartan™, Spartan ERV™ and
Utilimaster® - are known for quality, performance, service and first-to-market
innovation. The company employs approximately 1,700 associates at facilities
in Michigan, Pennsylvania, South Dakota, Indiana, Florida and Texas. Spartan
reported sales of $426 million in 2011 and is focused on becoming a global
leader in the design, engineering and manufacture of specialty vehicles and
chassis. Visit Spartan Motors at www.spartanmotors.com.
This release contains several forward-looking statements that are not
historical facts, including statements concerning our business, strategic
position, financial strength, future plans, objectives, and the performance of
our products. These statements can be identified by words such as "believe,"
"expect," "intend," "potential," "future," "may," "will," "should," and
similar expressions regarding future expectations. These forward-looking
statements involve various known and unknown risks, uncertainties, and
assumptionsthat are difficult to predict with regard to timing, extent, and
likelihood. Therefore, actual performance and results may materially differ
from what may be expressed or forecasted in such forward-looking statements.
Factors that could contribute to these differences include operational and
other complications that may arise affecting the implementation of our plans
and business objectives; continued pressures caused by economic conditions and
the pace and extent of the economic recovery; challenges that may arise in
connection with the integration of new businesses or assets we acquire or the
disposition of assets; issues unique to government contracting, such as
competitive bidding processes, qualification requirements, and delays or
changes in funding; disruptions within our dealer network; changes in our
relationships with major customers, suppliers, or other business partners,
including Isuzu; changes in the demand or supply of products within our
markets or raw materials needed to manufacture those products; and changes in
laws and regulations affecting our business. Other factors that could affect
outcomes are set forth in our Annual Report on Form 10-K and other filings we
make with the Securities and Exchange Commission (SEC), which are available at
www.sec.gov or our website. All forward-looking statements in this release
are qualified by this paragraph. Investors should not place undue reliance on
forward-looking statements as a prediction of actual results. We undertake no
obligation to publicly update or revise any forward-looking statements in this
release, whether as a result of new information, future events, or otherwise.
CONTACT: Russell T. Chick
Corporate Director of Marketing
Spartan Motors, Inc.
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