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Armor Holdings spent $700,000 lobbying US government on defense spending bills in second half of 2006

Armor Holdings spent $700,000 lobbying US government on defense spending bills in second half of 2006

Military-equipment maker Armor Holdings Inc., spent $700,000 in the second half of 2006 to lobby the federal government on 2007 defense-spending bills, according to a federal disclosure form.
The Jacksonville, Florida-based company said it spent the money lobbying two defense bills related to military spending and other defense purposes, according to the form posted online Tuesday by the Senate's public records office.
Both bills were signed into law last fall.
Analysts recently said they expect Armor Holdings to be one of three companies likely to be awarded contracts, valued up to $2.4 billion (euro1.78 billion), soon to build armored vehicles resistant to improvised explosive devices in Iraq. The vehicles, which are called Mine Resistant Ambush Protected, or MRAP, vehicles will replace armored Humvees made by privately held AM General Corp.
The other beneficiaries are likely to be the U.S. subsidiary of British defense contractor BAE Systems PLC and Oshkosh, Wisconsin-based Oshkosh Truck Corp. BAE is hoping to have a competitive edge with its May 7 $4.1 billion (euro3.03 billion) bid to buy Armor Holdings. The deal is scheduled to close in the third quarter but must pass an antitrust review and scrutiny by the Committee on Foreign Investment in the United States.
The Defense Department plans on buying 7,774 MRAP vehicles expected to cost $8.4 billion (euro6.22 billion) this fiscal year and may seek up to $20 billion (euro14.8 billion) in future years for as many as 18,000 MRAPs.
Under a federal law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. They must register with Congress within 45 days of being hired or engaging in lobbying.


Updated : 2021-10-20 22:09 GMT+08:00