Charlotte-based Spartan Chassis Inc. has received an additional $52 million contract to build chassis components for armored military vehicles, tripling its military contracts over last year. The contract is part of the military's Mine Resistant Ambush Protected (MRAP) program, building vehicles with a V-shaped chassis more resistant to attack.
According to excerpts from the article:
Spartan Chassis Inc. has received a $52 million subcontract from Force Protection Inc. to supply and integrate chassis components for the Cougar armored military vehicle.
Spartan, a subsidiary of Charlotte-based Spartan Motors Inc., so far this year has received subcontracts for $317 million related to the MRAP program, more than triple its military contracts in all of 2006.
Spartan this month opened a new production facility for its military work.
The specialty chassis and vehicle maker spent $8 million to buy and renovate two buildings in Charlotte with a combined 80,000 square feet of space. The expansion added 100 jobs.
"Spartan is once again primed to leverage our specialty chassis expertise, along with our increased production capacity, to assist Force Protection in providing high-survivability vehicles to our troops," Spartan Chassis President Richard Schalter said in a statement.
Read the full article here.
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