FRPT: Signs of Life

In what looks to be a very volatile week on Wall Street, we find a couple positives for one of our picks, FRPT.
First, a contract announcement. Issued January 15, 2007 after hours:

Force Protection Industries Inc. (FPII), Ladson, S.C., is being awarded $74,130,482 for firm-fixed-priced delivery orders #0003 and #0005 under previously awarded contract (M67854-07-D-5031) for the purchase of integrated logistic support (ILS) support. The sustainment ILS will consist of authorized stockage list category (CAT) I and CAT II, prescribed load list CAT I and CAT II, deprocessing, and special tools. Work will be performed in Ladson, S.C., and work is expected to be completed by Jul. 2008. Contract funds will not expire at the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity. FPII Contract No. M67854-07-D-5031 / D.O. 0003 and D.O. 0005.
Source: U.S. Department of Defense

While this is not an additional MRAP vehicle order, the revenue is substantial when compared to the current market valuation of the company.
In addition to this news, "Fritz" over at the IV board points out that Institutions have been heavily buying in the last 2 weeks. 12 Fund Managers bought a combined total of 1.5 million FRPT shares. Check out the stats here: The Buy List.
Hopefully this will start a little positive momentum rolling up to what should be a great quarterly/year end earnings release (and hopefully in depth conference call) coming late February/early March. It would appear that catching this stock under $4.00 would be following the "smart" money.