Armor Holdings, Inc.

Infobox Company
name = Armor Holdings, Inc.

type = Subsidiary
foundation = 1996-01-01
location_city = Jacksonville, Florida
location_country = United States
key_people =
area_served =
industry = Defence
products =
services =
revenue =
operating_income =
net_income =
num_employees =
parent = BAE Systems Land and Armaments
divisions = Stewart & Stevenson
subsid =
owner = BAE Systems
slogan =
homepage = [http://www.armorholdings.com www.armorholdings.com]
dissolved =
footnotes =

Armor Holdings, Inc. was a manufacturer of military, law enforcement and personnel safety equipment. It was acquired by BAE Systems on 31 July 2007 and renamed BAE Systems AH Inc. The divisions have been reorganised within BAE Systems Land and Armaments.

History

Armor Holdings was founded in 1969 as American Body Armor and Equipment, Inc. [http://www.fundinguniverse.com/company-histories/Armor-Holdings-Inc-Company-History.html Armor Holdings, Inc. -- Company Profile] ] at Jacksonville, Florida. In January 1996 the company underwent a change in control; Kanders Florida Holdings, Inc. and others purchased the stock held by the company's two largest shareholders. The Armor Holdings, Inc. name was adopted on August 21 1996.

It acquired Fairfield-based O'Gara-Hess & Eisenhardt in 2001.cite news |title = British company agrees to buy Armor Holdings |work = The Associated Press |date = 2007-05-08 |accessdate = 2007-05-22 | url = http://news.enquirer.com/apps/pbcs.dll/article?AID=/20070508/BIZ/705080340/1001/BIZ|language = English] and renamed it Centigon.

In 2003, it acquired Simula, Inc. a developer and producer of military seating systems, the Cockpit Air Bag System (CABS) for US Army helicopters, the Small Arms Protective Insert (SAPI) armor system, and parachutes. Simula developed and produced the "first" crashworthy armored crew seats for the US Army UH-60 Black Hawk and AH-64 Apache helicopters. [ [http://www.dodsbir.net/SuccessStories/simula.htm DoD SBIR Success Stories (Simula)] ] [ [http://www.hoovers.com/simula/--ID__15601--/free-co-factsheet.xhtml Hoover's Profiles (Simula)] ] [ [http://www.answers.com/topic/simula-inc?cat=biz-fin Answers.com (Simula)] ]

On August 2, 2005, Armor Holdings acquired Second Chance, a body armor manufacturing company, for $45 million.

BAE acquisition

On 7 May 2007 BAE Systems announced its subsidiary BAE Systems Inc. was to purchase Armor Holdings for US$4.1 billion (US$4.5 billion including net debt). [cite press release| title =BAE Systems plc announces proposed acquisition of Armor Holdings Inc.| publisher = BAE Systems plc| date = 2007-05-07| url = http://www.baesystems.com/BAEProd/groups/public/documents/bae_publication/bae_pdf_armor.pdf| format = PDF| accessdate = 2007-05-07] The acquisition was completed on 31 July 2007. [cite press release| title =BAE Systems completes acquisition of Armor Holdings Inc.| publisher = BAE Systems plc| date = 2007-07-31| url =http://www.baesystems.com/Newsroom/NewsReleases/autoGen_107631191035.html| format = PDF| accessdate = 2007-09-07]

Armor Holdings' three business units; Aerospace & Defense Group, the Products Group and the Mobile Security Division were merged into BAE Systems as Mobility & Protection Systems, BAE Systems Products Group, and BAE Systems Mobile Security respectively. [ [http://production.investis.com/armorholdings/aboutus/aboutarmor/ About Armor Holdings] ]

Products

Its products include the Caiman MRAP vehicle, Family of Medium Tactical Vehicles (FMTV), the Pinzgauer High Mobility All-Terrain Vehicle, as well as armor kits and components for the HMMWV and MTVR (through subcontractor, Plasan Sasa). [ [http://adg.armorholdings.com/default.aspx?pid=50&aid=530#pr3 Mobility & Protection Systems - BAE Systems ] ] [ [http://www.defenseindustrydaily.com/2005/10/110m-for-mtvr-vehicle-armor/index.php#more $110M for MTVR Vehicle Armor ] ] It also produces the majority of the US Army's MOLLE equipment. [ [http://www.defenseindustrydaily.com/2006/08/3975m-in-contracts-for-molle-backpacks-vests-et-al/index.php#more $397.5M in Contracts for MOLLE Backpacks, Vests, et. al ] ]

It delivered its Maneuver Sustainment Vehicle (MSV) to US Army for evaluation in Future Tactical Truck System competition, along with Navistar International and Lockheed Martin. [http://www6.autonet.ca/News/Story.cfm?Story=/News/2007/03/29/3862297-ap.html]

References

External links

* [http://www.armorholdings.com/home/ Official Website]
* [http://adg.armorholdings.com/ Aerospace & Defense Website]
* [http://wwwtest.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=AH Company profile] (via Forbes)