Minneapolis (Oct. 19, 2010) – Polaris Defense, a division of Polaris Industries Inc. (NYSE: PII), has been notified by the National Guard Bureau, Washington DC, that they have been selected for a contract award to provide Ultra-Light Utility Vehicles to the Army National Guard.
“We are excited to have our Polaris RANGER utility vehicles selected by the National Guard to help with their homeland security and disaster relief missions” said Polaris Chief Executive Officer, Scott Wine. “We are proud that Polaris can provide a cost-effective and highly capable, all-terrain vehicle that can handle the critical missions faced by the National Guard.”
The 5-year contract includes the Polaris RANGER CREW 800 and Polaris RANGER 6×6 800 Side-by-Side vehicles, as well as accessories and training. The competitively awarded contract has a ceiling value of $67.0 million dollars over the contract period. Polaris intends to build the Ultra-Light Utility Vehicles for this contract, at its Spirit Lake, Iowa facility, which has recently added over 270 full-time and seasonal jobs to meet the increase in consumer demand.
“Polaris Defense is dedicated to providing quality vehicles that can perform to the high standards of the U.S. Military,” said Mark McCormick, managing director of Polaris Defense. “This award underscores what our Company can do in supplying great products, accessories and support to an outstanding customer like the National Guard.”
With annual 2009 sales of $1.6 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER™, 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 Small-Cap 600 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.