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CHARLOTTE, Mich. - Spartan Chassis Inc., a subsidiary of Spartan Motors Inc., said Friday it received a subcontract order worth about $133.8 million from BAE Systems to support production of Mine Resistant Ambush Protected, or MRAP, vehicles.
| SPAR | 4.4 |  -0.18 |
Spartan will supply and integrate chassis components for BAE's RG33 Category I and II vehicles. The vehicles are scheduled to be completed during the first three quarters of 2008 and will be used by the U.S. military, the company said.
MRAPs feature V-shaped hulls, raised chassis and armor that help protect soldiers from improvised explosive devices, mines and other hazards of war.
Spartan shares rose 55 cents, or 6.5 percent, to $9.01 in midday trading.
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