Minneapolis, MN – September 29, 2011 – (Motor Sports Newswire) – Polaris Industries Inc. (NYSE: PII) today announced the company has received a $54-million, three-year contract to provide All-Terrain Vehicles (ATVs), spare parts and trailers to Afghan and Iraqi security forces, the U.S. Government and other allied governments. The contract was received from the U.S. Army Contracting Command-Warren and includes options to extend the contract two additional years. This new contract award follows Polaris’ successful completion on an earlier multi-year contract awarded by the Army in 2007.
“Polaris is proud to serve the U.S. Military and our allies. As the leading supplier of Military ultra-light mobility platforms, we provide our customers the most capable, high performance ATVs. For almost a decade, we have been working with Military customers, all over the world, integrating their unique needs with cost effective mobility solutions,” said Scott Wine, CEO of Polaris Industries. “With more than 3,000 battle proven vehicles deployed in theater, we have developed a strong understanding of our customers’ requirements. This unique position, coupled with our world-class manufacturing operations, allows us to supply vehicles quickly to meet the urgent operational needs of this contract.”
Polaris Defense was created in 2005 to provide a dedicated team focused on solving our warfighter’s mobility challenges, by providing a full range of platforms for military missions. More information about Polaris’ military vehicles can be found at www.polarisdefense.com.
With annual 2010 sales of $1.99 billion, Polaris Industries Inc.® designs, manufactures and markets innovative, high-quality vehicles for recreational and utility use. A recognized leader in the power sports industry, Polaris is among the global sales leaders for both snowmobiles and off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-sides. The company has established a strong presence in the heavyweight cruiser and touring motorcycles market as well, through Victory Motorcycles® (introduced in 1998) and the newly acquired Indian Motorcycle® brand. In addition, Polaris continues to invest in the global on-road low speed vehicle industry through its internally developed Breeze® neighborhood vehicle and the recent acquisition of Global Electric Motorcars® (GEM). Polaris enhances the riding experience for all vehicle groups with a complete line of Pure Polaris® parts, apparel and accessories, which are 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 Mid-Cap 400 stock price index.
Information about the complete line of Polaris products, apparel, and vehicle accessories is available at www.polaris.com, as well as at authorized Polaris dealerships.