Relationship Drives Company’s Growth in Adjacent Market Segments
MINNEAPOLIS, MN – August 18, 2009 – (Motor Sports Newswire) – Polaris Industries Inc. today announced the Company received orders from the U.S. Army to provide additional vehicles, parts and accessories of the company’s highly successful militarized ATV (All-Terrain Vehicle), the MV700, for operations in Afghanistan. The MV700 already has proven to be a very versatile vehicle in supporting a wide variety of missions conducted in urban, rural, mountain and desert areas worldwide. Values of these orders exceed $6 million and deliveries are planned for later this year.
“Polaris is very proud to continue its role in providing the U.S. Army and its allies with world-class machines that can be relied on to perform under the toughest conditions,” said Bennett Morgan, president and chief operating officer of Polaris. “We are very serious about what it takes to be a long-term valued supplier to military and government customers. Polaris Defense works very hard to ensure we are providing a complete capability including; vehicles, spare parts and logistical support for this critical market area.”
For the last five years, Polaris Defense has been supplying a family of vehicles to the U.S. Department of Defense as well as other government agencies and US Allies. Their mission is to provide the U.S. Armed Forces and its allies with the world’s toughest, militarized ATVs and Side-by-Side Vehicles. For more information about Polaris Defense go to www.polarisdefense.com.
With annual 2008 sales of $1.9 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.
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 is available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.