Army, Polaris Sign New Contract

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Polaris Industries Inc. has won a three-year contract with U.S. Army TACOM Life Cycle Management Command to continue to provide ATVs to the military.

The contract includes orders for Polaris MV700 ATVs, parts and accessories, and has a potential total value of more than $16 million. Deliveries are expected to begin before the new year.

"The awarding of this TACOM contract and the continued relationship with the U.S. Army represents a major step for our overall business as we drive to achieve growth in adjacent market segments," says Tom Tiller, Polaris CEO.

In the early part of 2007, Polaris outlined objectives intended to achieve its sales and earning goals through 2009. One of the main focuses in the new strategy was to generate incremental sales from several growth businesses, including explorating opportunities in new adjacent market segments.

The relationship between Polaris and the U.S. military began in 2002 and, with increased opportunities in recent years, has become a great focus for new business for the manufacturer.