CHARLOTTE, Michigan, February 15, 2008 – Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced it has received a subcontract order worth approximately $133.8 million with defense contractor BAE Systems to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program.
Under the terms of the subcontract, the Mich.-based custom chassis manufacturer will supply and integrate key chassis components for BAE Systems’ RG33 Category I and II vehicles. The vehicles are scheduled to be completed during the first three quarters of 2008 and are slated for use by the U.S. military.
“This contract and our ongoing relationship with BAE Systems is further affirmation of Spartan Chassis’ ability to leverage our expertise in the design, material logistics and assembly of these life-saving vehicles,” said Richard Schalter, president of Spartan Chassis. “The MRAP program remains a high priority for the military, and we are honored to be working alongside BAE to respond to that need and be a major supplier to this program.”
MRAPs are prized by the military for their V-shaped hulls, raised chassis and improved armor, which help protect servicemen and women from improvised explosive devices, or IEDs, mines and other hazards of war.
About Spartan Chassis, Inc.:
Spartan Chassis, Inc., a subsidiary
of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer
of custom chassis for recreational vehicles, fire trucks and specialty
vehicles. Spartan Motors (www.spartanmotors.com), which also manufactures emergency rescue vehicles under
the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported
sales of $445 million in 2006 and is focused on becoming the premier
manufacturer of specialty vehicles and chassis in North America.
CONTACT:
Jeremy Bakken, Jeff Lambert
Lambert, Edwards & Associates, Inc.
(616) 233-0500
Karen Hildebrant
Spartan Chassis, Inc.
(517) 543-6400 x. 3111
Thank you for your interest in employment with Spartan Chassis. To apply online, please visit http://www.employmentgroup.com
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