Published on September 30th, 2011 | by Joe0
Army Awards Polaris Industries Three-Year Contract to Supply Military ATVs, Spare Parts and Trailers
Minneapolis, September 29, 2011 – Polaris Industries Inc. (NYSE: PII) today announced the company has received a $54-million, three-year contract to provide All-Terrain Vehicles (ATVs), spare parts and trailers to Afghan and Iraqi security forces, the U.S. Government and other allied governments. The contract was received from the U.S. Army Contracting Command-Warren and includes options to extend the contract two additional years. This new contract award follows Polaris’ successful completion on an earlier multi-year contract awarded by the Army in 2007.
“Polaris is proud to serve the U.S. Military and our allies. As the leading supplier of Military ultra-light mobility platforms, we provide our customers the most capable, high performance ATVs. For almost a decade, we have been working with Military customers, all over the world, integrating their unique needs with cost effective mobility solutions,” said Scott Wine, CEO of Polaris Industries. “With more than 3,000 battle proven vehicles deployed in theater, we have developed a strong understanding of our customers’ requirements. This unique position, coupled with our world-class manufacturing operations, allows us to supply vehicles quickly to meet the urgent operational needs of this contract.”
Polaris Defense was created in 2005 to provide a dedicated team focused on solving our warfighter’s mobility challenges, by providing a full range of platforms for military missions. More information about Polaris’ military vehicles can be found at www.polarisdefense.com.
With annual 2010 sales of $1.99 billion, Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® for recreational and utility use, snowmobiles, motorcycles and on-road electric powered vehicles.
Polaris is a recognized leader in the powersports industry, among the global sales leaders for both snowmobiles and ORVs. The Company has established a presence in the heavyweight cruiser and touring motorcycle market with Victory motorcycles and the acquisition of the Indian motorcycle brand. Additionally, Polaris continues to invest in the Global on-road low speed vehicle industry with internally developed vehicles and the acquisition of Global Electric Motorcars (GEM). Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.
Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polarisindustries.com.