Spartan Receives MRAP Subcontract from BAE Systems

Spartan Motors Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), has been awarded a $6.8 million subcontract order from defense contractor BAE Systems to support the production of advanced tactical vehicles under the Mine Resistant Ambush Protected (MRAP) program.

John Sztykiel, President and CEO of Spartan Motors, said: "The improvised explosive device threat around the world continues to expand, and has nearly doubled in Afghanistan during the last year. This new order speaks to Spartan's demonstrated experience and success in producing threat-specific vehicles."

Under the terms of the MRAP subcontract, the Mich.-based custom chassis manufacturer will supply and integrate key chassis components, including independent suspension systems, for United States Special Operations Command ("USSOCOM"), MRAP vehicles in the third and fourth quarters of 2010. The units will then ship to Letterkenny Army Depot for final assembly and acceptance by the U.S. Government.

Sztykiel added: "This subcontract supports comments of ours made over the past few quarters that the defense business—for Spartan—is becoming smaller in order volume with greater product variation, which is in alignment with our strategic and operational strengths."

In addition to this new award, Spartan also continues its ongoing support of MRAP prime contractors and the U.S. Government by providing spare/replacement parts for many of the MRAP vehicles built at Spartan since 2005.

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