{"id":459333,"date":"2021-03-17T03:03:24","date_gmt":"2021-03-17T07:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459333"},"modified":"2021-03-17T03:03:24","modified_gmt":"2021-03-17T07:03:24","slug":"ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/","title":{"rendered":"Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\n\u00a0<b>Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army<\/b><\/p>\n<p class=\"bwalignc\">\n\u00a0<i>Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world.<\/i><\/p>\n<p>DETROIT, Mich.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System \/ Electronic Stability Control (ABS\/ESC) retrofit kits over the next three years for the U.S. Army\u2019s High Mobility Multipurpose Wheeled Vehicle (HMMWV). The first delivery order, under the three-year base contract, will include $10M to deliver 1,200 ABS\/ESC retrofit kits by August 2021. A second delivery order is expected later this year to increase deliveries to approximately 2,000 ABS\/ESC retrofit kits over the next 12 months.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210317005179\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210317005179\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210317005179\/en\/865618\/4\/HUMVEE_CLOUDS.jpg\" alt=\"High Mobility Multipurpose Wheeled Vehicle (HMMWV) (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">High Mobility Multipurpose Wheeled Vehicle (HMMWV) (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nHistorical data presented by the National Highway Traffic Safety Administration (NHTSA) indicates that the application of ABS and ESC reduces the number of fatal rollovers by 74%, and fatal impacts by 45%. Today\u2019s initial award marks the beginning of a multi-year contract for Ricardo Defense to improve the safety and operational readiness of the fielded HMMWV fleet for U.S. soldiers and HMMWV operators worldwide.\n<\/p>\n<p>\nChet Gryczan, president of Ricardo Defense said: \u201cThis is a significant milestone and strong example of Ricardo Defense\u2019s commitment to provide solutions to meet the tough challenges facing our customers and ensure the safety of our men and women in uniform. In fielding this system, we are tremendously proud to contribute to the Army\u2019s commitment to the safety of our soldiers and civilians alike.\u201d\n<\/p>\n<p>\nThe HMMWV is projected to remain in the U.S. Army\u2019s fleet until 2050. In 2018, the Army mandated that all new HMMWVs coming off the new vehicle production line must have the ABS\/ESC system installed. Since July 2018, more than 5,000 new production or Recapitalized HMMWV vehicles have been delivered to the US Army with Ricardo\u2019s ABS\/ESC technology. In 2019, the Army provisioned Ricardo\u2019s ABS\/ESC retrofit kit into the national stock system for retrofit of vehicles not addressed during new production or Recapitalization. This dual-approach ensures that all HMMWVs in the enduring fleet are eventually fit with the ABS\/ESC rollover mitigation technology.\n<\/p>\n<p>\nA spokesperson for the U.S. Army, Product Director Light Tactical Vehicles said, \u201cThe ABS\/ESC retrofit contract award is a culmination of a lot of great work from all parties, and is an essential step in providing this critical safety solution to our fielded HMMWV fleet. We are extremely proud of the Army\u2019s collaboration with Ricardo Defense to provide an affordable and attainable solution that significantly reduces loss of control incidents, vehicle rollover incidents, and ultimately helps save lives.\u201d\n<\/p>\n<p>\nRed River Army Depot, in partnership with Ricardo Defense, will complete ABS\/ESC retrofit installations at the Army\u2019s Center of Industrial and Technical Excellence for tactical wheeled vehicles in Texarkana, Texas and at regional sites across the U.S. beginning in March 2021.\n<\/p>\n<p>\nENDS\n<\/p>\n<p><b>About Ricardo<\/b><\/p>\n<p>\nRicardo plc is a world-class environmental, engineering and strategic consulting company listed on the London Stock Exchange. With over 100 years of engineering excellence, we provide exceptional levels of expertise in delivering leading edge and innovative cross sector sustainable products and solutions, helping our global customers increase efficiencies, achieve growth and create a clear and safer future. Our mission is clear \u2013- to create a world fit for the future. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ricardo.com%2F&amp;esheet=52397039&amp;newsitemid=20210317005179&amp;lan=en-US&amp;anchor=www.ricardo.com&amp;index=1&amp;md5=a8cf3fa2ad56dfd5ca9862d9879652e9\">www.ricardo.com<\/a><\/p>\n<p><b>About Ricardo Defense, Inc<\/b><\/p>\n<p>\nRicardo Defense Inc. is a Ricardo subsidiary delivering high-value system engineering, mission critical software, vehicle builds, and safety-critical products to the US Department of Defense as well as governments and defense industry suppliers world-wide. Ricardo Defense is a recognized leader in the integration of complex systems and acquisition planning and system support services for major defense programs around the globe.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210317005179r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210317005179\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210317005179\/en\/<\/a><\/span><\/p>\n<p><b>For Ricardo:<br \/>\n<\/b><\/p>\n<p>Kate Caulfield<br \/>\n<br \/>Ricardo Defense<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:kathryn.caulfield@ricardodefense.com\">kathryn.caulfield@ricardodefense.com<br \/>\n<\/a><br \/>Telephone: (586) 899-7668<\/p>\n<p>Ricardo Media Office<br \/>\n<br \/>Gill Gibbons<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@ricardo.com\">media@ricardo.com<br \/>\n<\/a><br \/>Telephone: +44 (0) 7795 342804\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Michigan<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Defense Technology Other Technology Other Defense Hardware Contracts<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210317005179\/en\/865597\/3\/Ricardo_RLogo_4Col_viewimage.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210317005179\/en\/865618\/3\/HUMVEE_CLOUDS.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">High Mobility Multipurpose Wheeled Vehicle (HMMWV) (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army \u00a0Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world. DETROIT, Mich.&#8211;(BUSINESS WIRE)&#8211; The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System \/ Electronic Stability Control (ABS\/ESC) retrofit kits over the next three years for the U.S. Army\u2019s High Mobility Multipurpose Wheeled Vehicle (HMMWV). The first delivery order, under the three-year base contract, will include $10M to deliver 1,200 ABS\/ESC retrofit kits by August 2021. A second delivery order is expected later this year to increase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459333","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"\u00a0Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army \u00a0Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world. DETROIT, Mich.&#8211;(BUSINESS WIRE)&#8211; The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System \/ Electronic Stability Control (ABS\/ESC) retrofit kits over the next three years for the U.S. Army\u2019s High Mobility Multipurpose Wheeled Vehicle (HMMWV). The first delivery order, under the three-year base contract, will include $10M to deliver 1,200 ABS\/ESC retrofit kits by August 2021. 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DETROIT, Mich.&#8211;(BUSINESS WIRE)&#8211; The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System \/ Electronic Stability Control (ABS\/ESC) retrofit kits over the next three years for the U.S. Army\u2019s High Mobility Multipurpose Wheeled Vehicle (HMMWV). The first delivery order, under the three-year base contract, will include $10M to deliver 1,200 ABS\/ESC retrofit kits by August 2021. A second delivery order is expected later this year to increase &hellip; Continue reading \"Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-17T07:03:24+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210317005179\/en\/865618\/4\/HUMVEE_CLOUDS.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army","datePublished":"2021-03-17T07:03:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/"},"wordCount":745,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210317005179\/en\/865618\/4\/HUMVEE_CLOUDS.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ricardo-defense-awarded-a-sole-source-contract-valued-at-over-89m-to-deliver-9480-abs-esc-retrofit-kits-to-us-army\/","name":"Ricardo Defense awarded a sole-source contract valued at over $89M to deliver 9,480 ABS\/ESC retrofit kits to US Army - 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