BNET Industries

Market Cap:$349.5M
Last Fiscal Year Sales:$890.6M
  • Public
  • US
Dow Jones Description

Formed in 1997, Force Protection has become the nation's leading center for blast technology and counter improvised explosive device (IED) research as it designs, manufactures, tests, delivers, and supports blast- and mine-protected vehicles throughout the world. With its first South Carolina headquarters at the Charleston Naval Yard, Force Protection moved to a 260-acre campus on Highway 78 in Ladson, South Carolina, just ten miles west of the Charleston Air Base in November 2003. Occupying the first 87,000 sq ft of space in a plant that previously produced General Electric turbine engines, vehicle production capacity continued to increase. Force Protection?s dramatic growth has necessitated the expansion of its production facilities to 400,000 sq ft of administrative, manufacturing, research and development, test and integration space and the increase of its workforce to more than 1,000.

CEO, President and Chairman
Michael Moody
Number of Employees 1,170
Contact Information

9801 Highway 78

Ladson, South Carolina 29456

www.forceprotec...

1 843 740 7015

NAICS Code All Other Transportation Equipment Manufacturing: 336999

Recent Events

  • Force Protection to Announce Third Quarter Fiscal 2009 Results

    10/28/09 - Financial Announcement - View Story

  • Notable Analyst Rating Changes 10/01: AA, CHU, BIG, BHI, OMX, FRPT Upgraded; SKS, RVSN, KBH,...

    10/01/09 - Bond / Stock Rating - View Story

  • Collins Stewart Upgrades Force Protection FRPT to Buy; Adjusts 2009-10 Estimates

    10/01/09 - Bond / Stock Rating - View Story

  • Ladson, S.C.-based armored vehicle producer's profits dive

    8/13/09 - Financial Announcement - View Story

  • Force Protection, Inc. Amends Award Announcement For $77 Million of Contracts to Install Cougar...

    7/09/09 - Joint Venture / Alliance - View Story

  • Force Protection Sees Soft 2Q; Shares Sink On Contract Loss

    7/01/09 - Financial Announcement - View Story

  • BUYINS.NET: DDRX, TEN, LDK, SAY, MTL, FRPT. Top Gainers With Lowest Price Friction In Morning...

    6/16/09 - Joint Venture / Alliance - View Story

  • Options Edge: Bank of America, Force Protection, Inc., Palm, Inc., and Trina Solar Limited

    7/01/09 - Bond / Stock Rating - View Story

News & Analysis

force protection inc. and u.s. army - All News and Analysis

Decision Makers

Name (plus bio) Position
Charles Mathis Chief Financial Officer
Lenna Ruth Macdonald Chief Strategy Officer, General Counsel & Corporate Secretary
Michael Durski Chief Financial Officer
Raymond Pollard Chief Operating Officer
Damon Walsh Executive Vice President, Customer Operations
Daniel Busher Executive Vice President
Mark Edwards Executive Vice President, Development
Bill Lafontaine Vice President, Program Management
Craig A. Whitt Vice President, Manufacturing Engineering
Heero Hacquebord Vice President, Quality
John Wall III Vice President & Assistant General Counsel
Kirk Daniel Vice President, Quality Processes
Michael Aldrich Vice President, Marketing and Government Relations
Mike Gilbert Vice President, Engineering
Murray Hammick Vice President, Integrated Logistics Support
Phillip Owens Vice President, Integrated Logistics Support
Richard Hamilton Vice President, Finance
Robert Defazio Vice President, Materials
Shelia Boyd Vice President, Human Resources
Wayne Philips Vice President, Business Development
Vaughn Williams Senior Director of Manufacturing
John Day Certified Public Accountant
Scott Ervin General Counsel

Board of Directors

Name (plus bio) Position
Michael Moody CEO, President and Chairman
B. Herbert Ellis Board of Directors
David Chase Board of Directors
Gordon McGilton Board of Directors
Jack Davis Board of Directors
John Paxton Sr. Board of Directors
Kenneth A. Merlau Board of Directors

Organization Position Status
Force Protection, Inc. CEO, President and Chairman Current
Force Protection, Inc. Board of Directors Current
London American General Agency Chief Operating Officer Former
Magna Carta Companies Inc. Senior Vice President of Corporate Development Former
Macquarie University Bachelor of Arts In Economics Former

Organization Position Status
Force Protection, Inc. Chief Financial Officer Current
Elbit Systems Limited Chief Financial Officer Former
University of Chicago MBA Former

Organization Position Status
Force Protection, Inc. Chief Strategy Officer, General Counsel & Corporate Secretary Current
Commonwealth Industries Vice President Former
The Bonham Vice President Former
Banc One Vice President Former
Banc One Counsel Former
The Bonham Assistant General Counsel Former
Commonwealth Industries General Counsel Former
Commonwealth Industries Secretary Former
Emory University School of Law J.D. Former

Michael Durski has decades of senior financial management experience with the U.S. Department of Defense and major public companies. Prior to joining Force Protection, Mr. Durski's positions have included Vice President and Chief Financial Officer at Aastrom Biosciences, Inc., Founder and Chief Financial Officer for ZeptoMetrix Corporation, Executive Vice President for Treibacher Schleifmittel Corporation, and Vice President and Chief Financial Officer for Comptek Research, Inc., a defense software developer of command, control and communications. Mr. Durski holds a Bachelor of Science degree in mathematics from State University College at Buffalo and a Master's degree in business administration from Canisius College in Buffalo, New York.

Organization Position Status
Force Protection, Inc. Chief Financial Officer Current
Zeptometrix Corporation Founder and Chief Financial Officer Former
Aastrom Biosciences, Inc. Vice President and Chief Financial Officer Former
Canisius College Master's Degree In Business Administration Former
University College Bachelor of Science Degree In Mathematics Former

A veteran with more than 30 years' experience in automotive engineering, research and development, operations, supplier development, contract negotiations, strategic alliance development, quality control, purchasing and logistics, Ray Pollard previously served as Executive Director of Supplier Development and Strategic Alliances for General Motors? Fuel Cell Activity. He served in the U.S. Navy and was honorably discharged following combat service in the Vietnam War. Mr. Pollard holds a Bachelor of Science degree in Manufacturing Engineering from Utah State University.

Organization Position Status
Force Protection, Inc. Chief Operating Officer Current
Utah State University Bachelor of Science Degree In Manufacturing Engineering Former

Before joining Force Protection, Damon Walsh was a career officer in the U.S. Army serving in a wide variety of staff and command positions including operational assignments as an airborne Infantry officer and Special Forces officer. Mr. Walsh also served for over a decade in the Army Acquisition Corps. This culminated in his assignment as the Commanding Officer of the Joint Systems Manufacturing Center at Lima overseeing the manufacture of Abrams Main Battle Tanks, Stryker vehicles, and Marine Corps Expeditionary Fighting Vehicles. Retiring as a Lieutenant Colonel, Mr. Walsh is a Level III Certified Acquisition Professional as well as a Certified Professional Contracts Manager and has over 25 years experience in both the operational Army and the Acquisition community. Mr. Walsh holds a Master's Degree in Management from the U.S. Naval Postgraduate School and is a graduate of the Army Command & General Staff College. He is also a veteran of Operations Desert Shield/Desert Storm, Provide Comfort, Uphold Democracy, and Iraqi Freedom.

Organization Position Status
Force Protection, Inc. Executive Vice President, Customer Operations Current
Vcpros LLC. Current
Force Protection, Inc. Vice President, Army Programs Former
U.S. Army career officer Former
United States Army career officer Former
U.S. Naval Postgraduate School Master's Degree in Management Former
Army Command and General Staff College Former

Bringing more than 20 years of international business experience in the automotive industry, Dan Busher joined Force Protection Industries in October of 2006. Previously, he was an executive of materials for North American Automotive Operations within Alcoa, maintaining responsibilities in the United States, Mexico and Honduras. In addition, he held numerous senior location Plant and Operations Management roles throughout Alcoa. Busher began his career as a member of the GM Saturn Corporation start-up team that implemented revolutionary new labor agreements and Lean manufacturing methods from early concept to full production. Mr. Busher earned his Bachelor's of Science Degree in Mechanical Engineering from the University of Wisconsin. He also holds an Executive MBA, Beta Gamma Sigma honors, from the Owen School at Vanderbilt University.

Organization Position Status
Force Protection, Inc. Executive Vice President Current
Force Protection, Inc. Chairman Current
Vanderbilt University Mba, Beta Gamma Sigma Honors Former
University of Wisconsin Bachelor's of Science Degree In Mechanical Engineering Former

Organization Position Status
Force Protection, Inc. Executive Vice President, Development Current
Force Protection, Inc. Senior Vice President, Vehicle Operations Former
Ducommun Aerostructures Vice President, Operations Former
Pepperdine University MBA Former
Pepperdine University Bachelor Degree In Mathematics Former
Wright State University bachelor degree in mathematics and chemistry Former

Organization Position Status
Force Protection, Inc. Vice President, Program Management Current

Organization Position Status
Force Protection, Inc. Vice President, Manufacturing Engineering Current
University of Michigan Masters of Science In Engineering, Industrial & Systems Engineering Former
Campbell University Masters In Business Administration Former
Eastern Michigan University Bachelors Degree Former

Organization Position Status
Force Protection, Inc. Vice President, Quality Current

Organization Position Status
Force Protection, Inc. Vice President & Assistant General Counsel Current
Cumberland School of Law at Samford University Juris Doctor Former
University of Alabama School of Law Master of Law In Taxation Former
College of Charleston Bachelor's of Science Degree Former

Mr. Daniel brings 29 years of manufacturing experience in application engineering, quality engineering, program management, and senior management positions in three different plants for Copeland Corporation and DaimlerChrysler. He has worked in the fields of commercial air conditioning and refrigeration design, injection molding, light stamping, brazing, welding, automated assembly, precision machining, and power train testing. Mr. Daniel has an Associates Degree and a BSMET from California Polytechnic State University, as well as an MBA from Baker College. His service experience includes assignments with the U.S. Army as a lead Fire Control Mechanic for Hawk Missile Systems while serving at Fort Bliss, Texas and Camp Casey, Korea.

Organization Position Status
Force Protection, Inc. Vice President, Quality Processes Current
Copeland Corporation Current
Baker College MBA Former
California Polytechnic State University Mba Former
Baker College Degree Former

Before joining Force Protection, Mike Aldrich founded Vertical Markets, where he served as President and successfully completed marketing assignments for a diverse subset of Fortune 500 corporations as well as agencies of federal government. Earlier, he served for over a decade as President of Document Systems Inc, a subsidiary of CNA Financial Services. In total, he has more than 25 years experience in government and corporate sales. A graduate of West Point, Mr. Aldrich was commissioned in the field artillery and honorably discharged from the United States Army with the rank of captain. He served at Fort Bragg, NC in XVIII Airborne Corps and was later aide-de-camp to the Chief of Staff, U.S. Forces Japan. In addition to his undergraduate degree, Mike holds a masters degree in systems management from the University of Southern California.

Organization Position Status
Force Protection, Inc. Vice President, Marketing and Government Relations Current
Document Systems, Inc. President Former
Force Protection, Inc. President Former
University of Southern California Masters Degree In Systems Management Former
United States Military Academy Former

Prior to joining Force Protection, Mike Gilbert was Director of Engineering for Fleetwood, Inc, a leading manufacturer of motor homes and other recreational vehicles. Before joining Fleetwood, Mike was Asst Chief Engineer - New Product Development for Kenworth Truck Co, a division of PACCAR, Inc. Throughout his 23 year career with PACCAR (at various points with Kenworth, Peterbilt, and the PACCAR Technical Center divisions), Mike worked in all aspects of the product development cycle, including design, development, validation, and production. With experience in TQM, lean manufacturing, Six Sigma, and computer-aided manufacturing, Mike lead the production design team that developed the innovative cab structure for Kenworth T2000, which received the prestigious CASA/SME industry LEAD (Leadership and Excellence in the Application and Development of Integrated Manufacturing) award. Mr. Gilbert holds a Bachelor of Mechanical Engineering degree from the University of Idaho.

Organization Position Status
Force Protection, Inc. Vice President, Engineering Current
Kenworth Truck Co. Chief Engineer Former
Paccar Inc. Chief Engineer Former
University of Idaho Bachelor of Mechanical Engineering Degree Former

Before joining Force Protection, Murray Hammick owned and managed UK-based Seafire Ltd., developers of specialist military vehicles; he was centrally involved in the 2001 sale of the Tempest MPV to the UK MOD. He was head of business development for UK defense contractor Alvis Vehicles Ltd, handling sales, marketing and new product development roles involving the UK MOD, US DOD, NATO, and the UN. He set up and managed the first international transfer of mine-protection technology out of South Africa covering the Mamba series of MPVs, and was ground forces editor for Jane's International Defense Review from 1990-93. Mr. Hammick is a retired British Army major. He served over 24 years in regular and reserve armored and airborne units and ran armor anti/armor research trials. Mr. Hammick holds a bachelor of science degree, and formal qualifications in military design & technology.

Organization Position Status
Force Protection, Inc. Vice President, Integrated Logistics Support Current
Nato, Ltd. Former

Organization Position Status
Force Protection, Inc. Vice President, Integrated Logistics Support Current
Logistics Instructor Former
Webster University Master of Arts Degree In Computer Resource Management Former

Richard Hamilton brings a wealth of financial management experience to Force Protection. Before joining the company, he served as Vice President for Finance at Pacific Scientific Company, a division of the Danaher Corporation. Prior to that, he worked for Honeywell International, Inc. and Arthur Anderson, among other firms. Mr. Hamilton has extensive experience in aerospace and defense, six sigma, public accounting, financial system design and implementation, acquisitions and divestitures, and "lean manufacturing." He holds a Bachelor of Science degree in business administration accounting from University of Virginia.

Organization Position Status
Force Protection, Inc. Vice President, Finance Current
Pacific Scientific Vice President for Finance Former
Danaher Corporation Vice President of Finance Former
Honeywell International Inc. Former
University of Virginia Bachelor of Science Degree In Business Administration Accounting Former
West Virginia University B.S.B.A. In Accounting Former

Organization Position Status
Force Protection, Inc. Vice President, Materials Current
Nova Southeastern University Masters In Business Administration Former
The Ohio State University Bachelor of Science Degree In Business Former

Organization Position Status
Force Protection, Inc. Vice President, Human Resources Current
The University of Alabama Bachelor of Arts Degree Former

Organization Position Status
Force Protection, Inc. Vice President, Business Development Current

Vaughn Williams has nearly 30 years of manufacturing, engineering, quality and general management experience working in the heavy on-highway truck, off-highway drive-train components, machine tools and cells and systems industries. Prior to joining Force Protection in January of 2006, he worked for companies such as Peabody/Galion, The Warner & Swasey Co., Giddings & Lewis, Bendix Corp., Clark Equipment, Ingersoll-Rand, Superior Machine Co. and Hickory Springs Mfg. Mr. Williams earned a Bachelor's degree from Ohio Northern University and was named its Industrial Technology Department's "Alumni of the Year" in 1989. He also holds an MBA from the University of Dayton.

Organization Position Status
Force Protection, Inc. Senior Director of Manufacturing Current
Giddings & Lewis, LLC Former
Ingersoll-Rand Company Limited Former
University of Dayton Mba Former
Ohio Northern University Bachelor's Degree Former

Organization Position Status
Deloitte & Touche USA LLP Director of real estate and financial services Current
Lenbrook, Atlanta Certified Public Accountant Current
Force Protection, Inc. Certified Public Accountant Current
Lenbrook, Atlanta Board of Directors Current
Force Protection, Inc. Board of Directors Current
Lenbrook Corp Board of Directors Current
National University Student Former
The University of North Carolina PhD In Marine Sciences Former
National University MBA Former
Linfield College B.S. Degree In Business Administration Former
The University of North Carolina Bachelor of Arts In Economics Former

Organization Position Status
Force Protection, Inc. General Counsel Current
Force Protection, Inc. Board of Directors Current
Interlex Director Former
Boston College Law School his law degree Former

Organization Position Status
Force Protection, Inc. Board of Directors Current
Charleston Marine Containers, Inc. President & Chief Executive Officer Former
U.S. Army Colonel, Field Artillery with Research & Development Specialty Former
The University of Alabama M.S., Nuclear Physics Former
United States Military Academy B.S., Engineering Former

Organization Position Status
Force Protection, Inc. Board of Directors Current

Organization Position Status
Force Protection, Inc. Board of Directors Current
Force Protection, Inc. Chief Executive Officer Former
Volkswagen of America, Inc. Former

Organization Position Status
Force Protection, Inc. Board of Directors Current

Organization Position Status
Intelli-Check, Inc. Vice Chairman and Director Current
Paxton & Associates Limited Head Current
Intelli-Check - Mobilisa, Inc. Chairman Current
Pro Mach, Inc. Chairman Current
Force Protection, Inc. Board of Directors Current
Seattle Pacific University Fellow Current
Pro Mach, Inc. Chief Executive Officer Former
Litton Industries Corporate Vice President Former
La Salle University Master of Science Degree In Business Management Former
National Association of Manufacturers Board of Directors Former
Intelli-Check - Mobilisa, Inc. Vice Chairman Former
La Salle University Master of Science In Business Administration Former
La Salle University Bachelor of Science Former

Organization Position Status
Designhouse, Inc. Chairman Current
Force Protection, Inc. Board of Directors Current
Northside Community Bank Board of Directors Current
Touche Ross & Co. Management Consultant Former
QuickSet International, Inc. Chairman Former
Metal Management, Inc. Board of Directors Former
University of Chicago MBA Former
Purdue University B.S. Former

Executive News

  • Ladson, S.C.-based armored vehicle producer's profits dive

    TradingMarkets - 8/13/09 - View Story

  • Force Protection Announces Participation at Credit Suisse Aerospace and Defense Conference

    Forbes.com - 8/11/09 - View Story

  • Ladson company's profits dive

    Charleston Post and Courier - 8/11/09 - View Story

  • Force Protection, Inc. Announces Unaudited Second Quarter 2009 Results

    Freshnews.com - 8/10/09 - View Story

  • Force Protection, Inc. Announces Unaudited Second Quarter 2009 Results

    RBC Dain Raushcer - 8/10/09 - View Story

  • Force Protection, Inc. Announces Unaudited Second Quarter 2009 Results

    Business Wire - 8/10/09 - View Story

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     FRPT $5.00 +0.23 (4.85% )
Average Volume 1,025,740
Shares Outstanding 69.91M
Market Cap 349.6M
Year High 10.03
Year Low 2.29
Earnings Per Share 0.59
P/E Ratio 8.48
Dividend N/A
Yield N/A
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