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June 28, 2006 New York City

June 28, 2006 New York City. Disclaimer.

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June 28, 2006 New York City

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  1. June 28, 2006 New York City

  2. Disclaimer This presentation contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.

  3. Company OverviewForce Protection FRPT:OTCBB • Leading Manufacturer Ballistic & Blast Protected Vehicles • Products: Buffalo, Cougar, MUV-R (P) • Sales (vehicles, spares & services): • 2004 = $10 million • 2005 = $50 million • 2006 = Q1 $35 million • Current Customers: • U.S. Army, U.S.M.C. • 250,000 sq/ft (5 yr lease) of Manufacturing & Office • 386 Non-Union Employees – Q1 2006 • $240 MM Market Cap. (38.7M shares – Q1 2006)

  4. Products Cougar 14T Buffalo 23T MUV-R 7T Prototype

  5. Investment Highlights • Growth Company • 2004 to 2005 384% revenue growth • Q1 2005 to Q1 2006 495% revenue growth • Available Market for Protected Wheeled Vehicles is greater than $3 billion • Warfare has changed • High Demand Next Generation Technology • DOD Tested and Proven • Fully Operational Production Facility with room for additional production capacity • Increasing Aftermarket Revenue • Service, Support & Spares as fleet grows

  6. South Carolina Plant • 300,000+ sq/ft (5 yr lease) Manufacturing & Office Space • Weld, Paint & Automotive Integration Capability

  7. Problem IED attacks by insurgents have become the leading cause of U.S. troop fatalities in Iraq (1) (1) icasualties.org

  8. Solution Survivability: Our capsules use proprietary technology to create a high degree of ballistic and blast protection Supportability:We integrate American made automotive components onto the capsules to produce vehicles that have commonality with the U.S. military fleet and which are easily repaired and maintained Survivability + Supportability = Availability

  9. EnterpriseManagement • CEO – Gordon McGilton • COO – Raymond Pollard • Finance – Richard Hamilton • Sales & Gov’t Affairs – Mike Aldrich • Programs – • Damon Walsh, Wayne Phillips • Manufacturing – Vaughn Williams • Engineering – Mike Gilbert • Quality – Heero Hacquebord • Legal – Scott Ervin • R&D – Dr. Vernon Joynt • Systems – Mark Edwards • ILS – Murray Hammick • HR – Sonya Jenkins

  10. "Force Protection is doing a great job. They have done everything they’ve said they were going to do except meet their production schedule. Quality control is good. The Marine Corps as an institution is very happy with the Cougar. Their product is great.“ Maj. Gen. William D. Catto, Commanding general of the Marine Corps Systems Command in Quantico, Virginia quoted in Townhall.com March 13, 2006

  11. 22 Actual UCL Average UCL Scheduled Actual Monthly Production

  12. Management Challenges • Meet Production Demand in 2006 • 270+ vehicles (Buffalo, JERRV + ILAV) • Establish Sustainable Profitability • Balance Growth vs. Operating Efficiency • Leverage Financial Resources • Capital Requirements

  13. Capital Structure * • Common Stock (300,000,000 authorized) • 39,500,000 shares issued • 4,500,000 warrants & options • Series D Convertible Preferred • 6% dividend (semi-annual) • 7,000 shares outstanding $1,000/share • Converts at $2.10/share = 3,333,333 common (subject to ratchet) • Change of Control redemption premium • Fully Diluted = 47,300,000 shares • Debt = $5.25M Secured Note * May 12, 2006 - Share count figures approximate

  14. Investment Highlights • Growth Company • 2004 to 2005 500% revenue growth • Q1 2005 to Q1 2006 600% revenue growth • Available Market for Protected Wheeled Vehicles is greater than $3 billion • Warfare has changed • High Demand Next Generation Technology • DOD Tested and Proven • Fully Operational Production Facility with room for additional production capacity • Increasing Aftermarket Revenue • Service, Support & Spares as fleet grows

  15. Sgt. Robert Baker – Buffalo Driver: “ Sir – I feel so safe that I would put my wife and child in this vehicle and ride down any street in Baghdad.”

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