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FRPT Force Protection Inc. Outperformed our 3.50 target here and closed about at 4.00$ Maybe some continuation early next week before another pullback is in store.

Information on Force Protection Inc. (FRPT) can be found and shared in this thread: Here is the latest news piece and chart below.

Key 50 moving average line resistance at 2.95 ahead. If broken then low to mid 3.00 range is up next. Support at 2.50 and 2.24 below.



U.S. Department of Defense Honors Force Protection
Friday October 31, 4:08 pm ET
U.S. Officials Express Appreciation to Force Protection's Workforce for Contributions to War Effort

LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ:FRPT - News) was honored on October 30th by officials from the Department of Defense for providing life-saving Cougar vehicles that have kept members from all forces of the United States military safe while fighting the global war on terror. Force Protection is the only MRAP manufacturer with vehicles currently in service with the Army, Marine Corps, Navy and Air Force.

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Brigadier General Michael M. Brogan, on behalf of John J. Young, Under Secretary of Defense for Acquisition, Technology and Logistics, addressed the workforce. “Your vehicles provide the war fighters the confidence and assurance that when they leave the gate of that forward operating base they have a tremendous likelihood of coming back. Far greater than they had in the up armored Humvees. There are still things that need to be done. You will continue to deliver vehicles to our coalition partners. There are still challenges to be met, and there are upgrades and improvements for the long haul to keep these vehicles in service.”

“We are honored to have played such an important role in the MRAP program and in the war effort as a whole,” said Michael Moody, CEO and Chairman for Force Protection. “We take a great deal of pride in knowing that we laid the foundation for the MRAP program. Our vehicles were the first to the fight and still are the safest out there.”

Paul Mann, MRAP Program Manager, in his remarks to the workers added, “What you’ve done is incredible. You should be proud of this achievement for the rest of your life. What you did to ignite a fuse, is so much larger than yourself. It happened because you believed it could be done. Because of the workforce we have nearly 14,000 vehicles produced from industry and more than 10,000 in theater."

“Today is especially special because not only are we here at Force Protection Industries where it all really began for MRAP, but we are here with all of you who have really done a great job of producing vehicles and getting them in the fight when we were waiting for other vehicles to get there to support them,” said Kim Yarboro, Assistant Program Manager for Cougar MRAP at Marine Corps Systems Command, in a statement addressed to Force Protection’s workforce.

Staff Sergeant Kelly J. Minkler, an Explosive Ordnance Disposal Technician who survived multiple blasts inside the Cougar vehicle during two tours in Iraq also expressed his gratitude to the Force Protection workforce. SSgt Minkler recounted a specific experience where he and his fellow war fighters in one mission disabled 10 improvised explosive devices (IEDs), sustained 2 IED explosions directly to their vehicle, received small arms fire, and were hit by a Rocket Propelled Grenade (RPG) and sustained only minor injuries to the crew.

“The efforts of everyone here and all of the other people who work on this program have produced excellent products and saved numerous lives. We have built an excellent business for Force Protection and all of our suppliers, partners and customers,” said Mr. Moody. “Part of our mission today is to look forward on what can be done to modernize and adapt our vehicles so that we can continue to save lives, but also to move forward with new technologies and innovations.”

About Force Protection, Inc.

Force Protection, Inc. is a leading American designer, developer and manufacturer of life saving survivability solutions and equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar, the Buffalo and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company also is the developer and manufacturer of ForceArmor™ an armor package providing superior protection against explosively formed projectiles (EFPs) now available for a wide range of tactical-wheeled vehicles. The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program.

For more information on Force Protection and its vehicles, visit Force Protection, Inc. - advanced ballistic and blast-protected vehicles.

Safe Harbor Language

This press release contains forward looking statements that are not historical facts, including statements about Force Protection’s beliefs and expectations. These forward-looking statements are based on beliefs and assumptions by Force Protection’s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and Force Protection undertakes no obligation to update any of them publicly in light of new information or future events. These forward looking statements, include, among other things: statements regarding the growth and demand for Force Protection’s vehicles; statements regarding the rate at which Force Protection will be able to produce those vehicles; statements regarding the ability to develop new technologies; and statements regarding the ability for Force Protection’s vehicles to save lives. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to fulfill orders for vehicles on a timely basis, the ability to effectively manage the risks in Force Protection’s business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in Force Protection’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in Force Protection’s 2007 Annual Report on Form 10-K for the year ended December 31, 2007.


Contact:

Force Protection, Inc.
Tommy Pruitt
Senior Communications Director
843-574-3866
or
Investor Relations:
ICR Inc.
James Palczynski
Principal and Director
203-682-8229

Source: Force Protection, Inc.

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All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here

Force Protection, Inc. FRPT a gap to fill to 3.50 range here, 3.40 now and could see another .10 cents today.

__________________
All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here

Possible 7.00$ break coming tomorrow on a green market. Nice job from 2.00 start on Force Protection Inc. FRPT support at 5.90

__________________
All my posts are purely my opinion. Please use your own buy and sell signals and never invest in a stock you can not afford to lose money on. For a complete disclaimer click here