Marion Composites Wins Shop Van Follow-On Contract
ROSWELL, Ga., Feb. 22 - Advanced Technical Products, Inc. (NASDAQ:ATPX), announced today that its Marion Composites division has been awarded a $4.5 million follow-on contract by Stewart & Stevenson Tactical Vehicle Systems, LP (TVSLP) of Sealy, TX. According to Program Manager Roger Bowman, Marion Composites will supply Light Medium Tactical Vehicle (LMTV) shop vans for the 2.5 ton Family of Medium Tactical Vehicles (FMTV) during the year four production phase of TVSLP's contract with the U.S. Army.
The LMTV shop van is part of DoD modernization efforts under the umbrella of the FMTV program. The shop vans are to be delivered over the next 14 months.
The award represents a continuing relationship that began in 1994 between Stewart & Stevenson and Marion Composites on the FMTV Program.
Stewart & Stevenson Tactical Vehicle Systems, LP is the prime contractor for the U.S. Army's Family of Medium Tactical Vehicles (FMTV), which includes 2.5 and 5 ton trucks in 14 variations and companion trailers. TVSLP also sells military vehicles to governments and government contractors worldwide. For more information about TVSLP visit www.fmtvtruck.com .
Founded in 1902, Stewart & Stevenson Services, Inc. (NASDAQ:SSSS) is a billion dollar company that manufactures and distributes a wide range of industrial products and diesel-powered equipment to key industries worldwide: petroleum, power generation, defense, airline, marine and transportation. Visit Stewart & Stevenson's website at www.ssss.com .
Marion Composites produces a wide variety of aerospace composite structures, shelters, and relocatable hospitals, and is the world's leading manufacturer and designer of radomes for high-performance jet aircraft.
Advanced Technical Products, Inc.'s operating divisions include Marion Composites, Lincoln Composites, Intellitec and Lunn Industries. ATP designs, develops, and manufactures high-performance radomes, aircraft components, rocket motor cases, pressure vessels, fuel tanks, shelter systems and other advanced composite products utilizing various production capabilities. The Company is also a leader in the design, development and manufacture of nuclear, biological and chemical detection and protection equipment. The Company's products are used in a variety of applications in the aerospace and defense industries, as well as commercial markets. Further information on Advanced Technical Products, Inc. is available at www.atpx.com .
Contact: Roger Bowman, Program Manager of Marion Composites, 540-783-9624, or rbowman@mcomposites.com , or Lisa Lawson, Director of Communications of ATP, Inc., 770-993-0291, or llawson@atpx.com , or investors, Harvey A. Goralnick of FOCUS Partners LLC, 212-752-9445, or atpx@focuspartners.com , for ATP, Inc.