Polaris Industries Inc. (NYSE: PII), the leading manufacturer of off-road vehicles, today announced the company was awarded a contract to provide MV850 ultra-light tactical vehicles to the German Army.
“Defense forces around the world are seeking Polaris Defense Military vehicles to take advantage of our ability to make modifications to our commercial off-the-shelf technology (COTS), insert customer requirements and quickly deliver an end product that meets their needs,” said Rich Haddad, general manager of Polaris Defense. “It is our goal to match the warfighter’s mission requirements with our best value product.”
The highly-mobile MV850 platform, which was built specifically for the U.S. military and allied forces, allows for the transport of military personnel and gear through extreme off-road terrain. It features a 600 lbs./272 kg capacity metal rack system, 11.75 gal/ 4.5 L fuel capacity, blackout lighting with IR light capability and an optional litter mount.
Polaris is a recognized leader in the powersports industry with annual 2012 sales of $3.2 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles, including all-terrain vehicles (ATVs) and the Polaris
side-by-side vehicles, snowmobiles, motorcycles and small vehicles.
Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small vehicle industry with Global Electric Motorcars (GEM), Goupil Industrie SA, Aixam Mega S.A.S., and internally developed vehicles. Polaris enhances the riding experience with a complete line of Polaris and KLIM branded apparel and Polaris accessories and parts.
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.