CHARLOTTE, Michigan, May 10, 2007 – Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), today announced it has received subcontract orders from two major defense manufacturers totaling $107.6 million – its two largest specialty-vehicle orders to date.Spartan Chassis said it has received a $60.0 million order from General Dynamics Land Systems and a $47.6 million order from Force Protection, Inc. Spartan Chassis will supply and integrate key chassis components in the production of advanced tactical vehicles under the Mine Resistant Ambush Protected, or MRAP, program.Both orders are scheduled to be completed in 2007 and are slated for use by U.S. Marines and soldiers fighting in Afghanistan and
Iraq. MRAPs are prized by the military for their V-shaped hulls, raised chassis and improved armor, which help protect servicemen and women from improvised explosive devices, or IEDs, mines and other hazards of war.“This new business is significant in both its magnitude and its validation of our expertise in automotive integration,” said Richard Schalter, president of Spartan Chassis. “Over the past two years, we have earned a reputation in the military market by repeatedly demonstrating that we have the ability to deliver quality products on time. Spartan Chassis is privileged to be in service to support our nation’s defense.”In April 2007, Spartan Chassis announced that it had acquired two facilities that will be converted to manufacturing plants to meet the strong growth of its specialty-vehicle product line. The new plants will add a total of 80,000 square feet to Spartan Chassis and will come on line during the third quarter of this year.“These two new contracts validate the investments we have made in growing our specialty-vehicle segment and the confidence that our customers, along with our shareholders and our board of directors, have in Spartan Chassis,” said John Sztykiel, president and CEO of Spartan Motors. “This contract underscores the strength of our strategic plan, which focuses on the emergency rescue, recreational vehicle and specialty markets.”About Spartan Chassis, Inc.:
Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), is a leading developer and manufacturer of custom chassis for recreational vehicles, fire trucks and specialty vehicles. Spartan Motors ( HYPERLINK “http://www.spartanmotors.com” www.spartanmotors.com), which also manufactures emergency rescue vehicles under the brand names of Crimson Fire, Crimson Fire Aerials and Road Rescue, reported sales of $445 million in 2006 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
