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Polaris Unit Wins $109M Contract to Manufacture Light Tactical Vehicle for SOCOM

Polaris' (NYSE: PII) government and defense business has won a potential seven-year, $109M contract from the General Services Administration to build a light tactical all-terain vehicle for the U.S. Special Operations Command.

The company said Thursday it will assemble the MRZR Alpha ground vehicle at a factory in Roseau, Minn., with lightweight and offroad systems that would allow SOCOM to transport the platform via a helicopter and operate it on terrains.

Jed Leonard, vice president of the government and defense unit at Polaris, said the company seeks to address SOCOM's LTATV performance, durability, internal air transportability and payload requirements with the MRZR Alpha platform.

The new vehicle is the 11th model the company has developed for the military sector in 12 years.

Polaris has incorporated various systems into the MRZR platform since its commercial release in 2012, such as counter-drone, laser, command-and-control, communications, and intelligence, surveillance and reconnaissance systems.

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