Minneapolis, MN (9/29/2011)
- 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
About Polaris:
With annual 2010 sales of $1.99 billion, Polaris
designs, engineers, manufactures and markets
off-road vehicles (ORVs), including all-terrain
vehicles (ATVs), the Polaris RANGER(r) Side
x Sides, snowmobiles and Victory motorcycles
for recreational and utility use and has recently
introduced a new on-road electric powered
neighborhood vehicle.
Polaris is
a recognized leader in the snowmobile industry;
and one of the largest manufacturers of ORVs
in the world. Victory motorcycles established
in 1998 and representing the first all-new
American-made motorcycle from a major company
in nearly 60 years, are rapidly making impressive
in-roads into the cruiser and touring motorcycle
marketplace. Polaris also 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 MidCap
400 stock price index.
Information
about the complete line of Polaris products,
apparel and vehicle accessories are available
from authorized Polaris dealers or anytime
from the Polaris homepage at www.polarisindustries.com
