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December 3, 2012
08:36 EDTSPARSpartan Motors wins contract to manufacture additional mine-protected vehicles
Spartan Chassis, a unit of Spartan Motors (Nasdaq:SPAR), announced that it has been awarded a subcontract order from defense contractor BAE Systems to support continued production of the International Light Armored Vehicles, or 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, or IDIQ, contract, providing for the possibility of follow-on orders. 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 such as: Cougar and RG33 MRAP and MRAP-Plus vehicles; RG 33 Armored Utility Vehicles; Light Armored Vehicles, or ILAV; Joint Explosive Ordnance Disposal Rapid Response Vehicles; Medium Mine Protected Vehicles; RG 33 Heavy Armored Ground Ambulances; and RG 33 Special Operations Command vehicles.
News For SPAR From The Last 14 Days
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September 29, 2015
16:35 EDTSPARSpartan Motors appoints Frederick Sohm as CFO
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September 28, 2015
06:57 EDTSPARNHTSA mulls Takata air bag recall expansion, Bloomberg reports
The National Highway Traffic Safety Administration, or NHTSA, is mulling an order that would expand that recalls of Takata (TKTDY) air bags and has contacted seven manufacturers who may be affected, including Volkswagen (VLKAY) and Tesla (TSLA), Bloomberg reports. Takata had identified seven companies that it has supplied with air bag inflators that use ammonium nitrate propellant, the report says, citing NHTSA letters dated September 22. The NHTSA also contacted Mercedes-Benz (DDAIF), Jaguar Land Rover (TTM), Suzuki (SZKMF), Volvo Trucks (VOLVY), and Spartan Motors (SPAR), the report says. Reference Link

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